Potash which is essntial to factory farming and a major sourse of rail traffic is being toted as a investment and prices are being bid up-
http://investingnews.com/category/daily/resource-investing/agriculture-investing/potash-investing/
http://www.futuremarketinsights.com/reports/potash-ores-market
http://marketrealist.com/2016/05/weekly-update-potash-prices-rise-benefit-producers/
Commodity prices can be quite volatile at times, this is not that unusual.
Looks like speculators are playing. Or the Hype is being started.
and my grocerys $$$$$ are going up...time to start a garden
CandOforprogress2 and my grocerys $$$$$ are going up...time to start a garden
Ah, the futures market...
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
Won't affect the actual shipments much.
Speculators and futures market are all about before the shipment - sometimes months before. The last thing they want is to have to actually take delivery of the commodity. What is a Wall St. investment bank going to do with 10,000 tons of potash on its front steps ?
- Paul North.
Speculators are the effect, not the cause of rising prices. I think the actual cause of sharply rising commodity prices is the inflation resulting from the Fed’s recent quantitative easing, also called “printing money.” It is a fundamental result of flooding the economy with money that nobody has earned.
Price inflation is quite noticeable in grocery stores, but it is limited by the ability to raise retail prices. Consumers will only pay so much for an item. After that, they will substitute something cheaper, or consume less of it, or stop consuming it altogether.
So grocery product producers are being squeezed by rising commodity prices and the limit of consumers to pay the necessary retail price increases. Something has to give, and what gives is the quality and value of the food products such as frozen entrees, canned soup, etc. The formulations for these types of products are rapidly deteriorating in terms of quality, quantity, wholesomeness, and nutrition. Producers hope that consumers, who pay a lot of attention to price increases, will not as readily notice the dropping quality.
EuclidSo grocery product producers are being squeezed by rising commodity prices and the limit of consumers to pay the necessary retail price increases. Something has to give, and what gives is the quality and value of the food products such as frozen entrees, canned soup, etc. The formulations for these types of products are rapidly deteriorating in terms of quality, quantity, wholesomeness, and nutrition. Producers hope that consumers, who pay a lot of attention to price increases, will not as readily notice the dropping quality.
Can't help but agree with that analysis. I hate to grocery shop because I don't like to be seen crying in the checkout line. Just kidding.
You certainly are correct regarding quality. The quality goes down, the price goes up, and the portions get smaller. I'll leave the frozen garbage for others. I'm pretty damned good in the kitchen so I won't starve.
Norm
Someone tell this company:
http://www.9news.com/money/business/denver-potash-company-shutting-down-new-mexico-mine/182511756
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