Posted on May 6, 2022
Contrary to the woeful baying by Big Agbiz, the United States–and any nation with enough money–will not run out of food this year. This can be said without reservation for two reasons.
First, war or no war, there is no global shortage of wheat, the crop today’s Chicken Littles are cluck-cluck clucking about. In the last […]
Posted on September 21, 2016
As the food industry continues to consolidate into fewer, bigger players, the price risk it once hedged in Chicago and New York futures markets is being pushed back onto the very farmers and ranchers it buys from.
The reason is simple: the Big Boys have the market power to do it.
After decades of Big Ag’s talk […]
Posted on August 4, 2015
It’s an almost poetic coincidence that the day after Greek voters loudly told European technocrats in Brussels and German bankers in Berlin to stuff it, the futures trading CME Group quietly moved its last, open-outcry commodity trading pit from Chicago’s Loop to the perfectly technocratic, globally homeless electronic market.
The Greek “No!” vote, like the Greek-European […]
Posted on June 5, 2015
Confession time: Over the last three years I often have referred to the 113th and 114th Congress as either “do nothing” or “doing less than nothing.”
This is wrong because each passing day of continued Congressional nothingness clearly shows House and Senate leaders, then as now, busy as bees planning and implementing detailed action plans for […]