Agriculture
The DJAIG Agriculture index recently made a bullish breakout exceeding new highs.
According to Bloomberg, here are the performance YTD for the best performer commodities
AGRICULTURE : +9.26%
WHEAT : +58.68%
GRAINS : +18.92%
SOYBEAN : +22.38%
SOYBEAN Oil : + 18.99%
COCOA : + 7.03%
According to an US newspaper, over the past year :
milk up 21%
chicken breast up 12%
coffee up 12%
ground beef up 11%
The last US CPI (YOY) was 2.4%
So, Inflation is dead! (unless you eat)
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