Posted by DigiNomad on 21st of Jun 2022 at 04:31 pm
Food prices will only go lower if the higher prices caused
demand to fall. If they tested higher prices in a bid to to retain
margins and found that it didn't trigger demand destruction, then
the commodity going lower will not trigger end product producers to
lower prices.
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SOYB ... next one
Posted by mla127 on 21st of Jun 2022 at 04:26 pm
SOYB ... next one to fall? Corn / Wheat sure took it on the chin today
So . . . lower
Posted by mastermind on 21st of Jun 2022 at 04:28 pm
So . . . lower food prices coming?
Food prices will only go
Posted by DigiNomad on 21st of Jun 2022 at 04:31 pm
Food prices will only go lower if the higher prices caused demand to fall. If they tested higher prices in a bid to to retain margins and found that it didn't trigger demand destruction, then the commodity going lower will not trigger end product producers to lower prices.