Also in this playlist...
This transcript is automatically generated
Or not he's not ready to start that low carb diet someone else wrote that on the staff and and anyway because post -- He's gonna get price here and you could blame it on the rain in North Dakota -- not -- that state grows the majority of the very special we use.
To make among other things -- And as commodities analyst Oscar Beverly those are bad weather means dad.
News on prices so.
What is this particular week that -- play Oscar and house are gonna factor is what our parts.
Well you know -- as you might imagine with my last name being -- in my entire blood lines -- -- around looking for macaroni right now.
A lot of lot of veteran drivers and I had.
So listen bill and ought to -- -- serious note.
Canada is the largest producer of durum wheat and their stock supplies off 40% lower today than they were last year.
As you mentioned North Dakota is the largest provider of door and we here in the United States.
They are literally.
Planted and it's too late the plan for the further because of the rain due to planting season.
-- oddly enough one of my clients happens to be an actual week -- forma.
So I called them today and I said listen what's don't know what the what the door of -- and -- -- Oscar no joke.
I've only been able to play 25%.
Of my acreage and that's it I can't -- that in war there's been too much rain same thing happened in Canada.
So he believes that yes there will be a shortage he also tells me that on the -- as the go to replace the acreage with spring wheat.
Some flowers and flax seed what here's the thing.
What he says is that you could literally.
Change or mix some of the durum wheat with some -- all winter wheat and still end up being able to make impostor.
The only difference is the possibly break inside the box before you get it home.
So I don't know that this is going to be the next national tragedy.
But it certainly is another little thing that creates a slight bit of inflation at.
Potentially well I'm telling you this once it's not gonna get a -- and -- right away but -- Biden I digress.
It'll say here's what I've wondered about -- this is just the latest commodity your food stuff commodity inflation news.
And it doesn't go away.
And how does it look this year for you know because the government keeps telling us Oscar that it's not a problem but.
Smart guys like you've been way ahead -- this keep reminding me and.
What you know -- his uninteresting think things are starting to change the US dollar technically is beginning to build the bottom.
And many of the foodstuffs as you know all priced in US dollars off the dollar stocks in the send.
Food -- will pull back and in fact the CRB index it's a basket of seventeen commodities out of the seventeen commodities during this entire week and last week.
Crude oil heating oil gasoline.
Coffee -- platinum palladium gold silver copper wheat soybeans corn have all pulled back dramatically and it -- week.
Four of the seventeen have gone up and it's cotton orange -- hogs and cattle so we are actually getting a little bit of pull back.
How long is this tournament and they're gonna.
Circumvent what's been happen elsewhere and.
Well you know that the stronger dollar is actually going to be beneficial to our country for a while.
As you might imagine.
Dollars are here and if products -- priced in dollars a -- go up the products it cheaper.
So that will help us it'll probably not the stock market down for a little jolt and then maybe after the summer the -- in the stocks can rise together.
But I think -- this is actually a positive development.
But not of course and durum wheat that's not -- -- four of the -- it is out there you'll pay slightly more.
-- -- -- -- thank you very very much I would've never known you were Italian American but thank you very much gossip about me.
Thank you all right --
Filter by section