Agricultural Commodities near decade highs. What does this mean for inflation? See X below

Otavio (Tavi) Costa

@TaviCosta

Agricultural commodities just surged above the Russian invasion levels, reaching near-decade highs.   This surge is expected to have significant implications for inflation in the global economy, potentially driving food prices substantially higher.   It’s worth noting the strong link between agricultural commodities and the equal-weighted commodities index, indicating that other natural resource prices are likely to follow a similar upward trajectory.   The war on rising consumer prices is likely far from over and a potential policy shift by the Fed should only add fuel to the inflation fire.   There is a reason why gold recently spiked to record levels, and in my view, this move is just the beginning.