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Food Prices Look To Increase In 2021

2020 will go down in history as the year the world battled COVID, but 2021 could down in history as the year the bills started coming due for the cost of that battle.
 
A new food price report for 2021 is predicting the annual food bill for an average Canadian family could rise by nearly 700 dollars. The lead author of the study, Dr. Sylvain Charlebois at Dalhousie says families with less means will be significantly challenged in 2021 and many will be left behind. The new report forecasts an overall food price increase of 3 to 5 percent next year. The most significant increases are predicted for meat, baking, and vegetables.
 
One of the other authors of the study, Dr. Simon Somogyi says Health Canada wants Canadians to eat more vegetables but he says that's going to be harder as prices continue to rise. Somogyi suggests families with tight budgets turn to frozen vegetables which are just as nutritious.
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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.