Bacon prices collapsed this week, losing nearly 20% in value over two days. Bacon tracks an industry market known as “pork bellies” which represent the frozen cut of meat that bacon is made from. The…
Soybean Oil Slides Lower
The market for soybean oil (labeled “vegetable oil” in the supermarket) is looking cloudy; prices dropped beneath 33 cents per pound on Friday for the first time since October. Bean oil is falling even as…
Grains Spike Higher
Corn, wheat, and soybean prices all rose this week, climbing on news of shrinking global supplies. A USDA report on Thursday projected tighter stockpiles for each of the commodities, driven primarily by rising demand. For…
Border War Escalates with Mexico
This week, President Trump reaffirmed his plan to construct a physical wall along the Mexican border and proposed using a 20% tariff on Mexican imports to pay for it. These statements caused Mexican President Enrique…