Wheat Prices Crashing = No Inflation = Gold and Silver Crash Coming
Benchmark prices for wheat fell to an eight-month low at the Chicago Board of Trade this week as snowstorms in the U.S. spurred hopes of a recovery for drought-affected crops.
The U.S. Department of Agriculture said global wheat production may reach a new record in the coming year, replenishing tight supplies and raising the chances for further price falls.
"If not a record crop, then certainly we can expect a return to the levels we have seen in recent years," said Department of Agriculture Chief Economist Joseph Glauber in an interview with Dow Jones Newswires late Wednesday.
You frocking moron, inflation is only truly measurable by holding supply constant. You can't say there's no inflation when gluts of wheat, soybeans, corn, etc, are expected for the current year. What a frocking joke..............