Loads of Grain Have Left the Ports of Ukraine

Today we woke up to the news that many ships have left the Ukrainian ports loaded with grain.
That is good news for the near term.
Grain ships leave Ukrainian ports despite Putin suspending deal | Evening Standard
https://bit.ly/3FDMmxZ

Around 9am CST today, I heard on Yahoo Finance Live that the world had a record harvest of grain but went on to say that it still won’t be enough. They followed that up with the expectations that next year’s harvest could be about 25% less.
When the host pressed the guest for how that will affect the price of food he said, “Energy has a bigger effect on the price of food than the price of grain”
https://finance.yahoo.com/

If you think food costs are high now, what do you think it will be next year?
Maybe we need to adjust our budgets accordingly.

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#recession #inflation #stagflation #hyperinflation #energy

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.