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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (45811)6/15/1998 11:05:00 PM
From: Dwight E. Karlsen  Read Replies (1) of 58727
 
Patrick, I've never traded Ag. Would not, either. Like I just said in PM to FredE, the genuine commodities buyers have stuff like US Dept of Agriculture satellite photos available of actual fields of growing things to study with a practiced eye. But it doesn't take much to see that very hot weather and drought generally will cause food prices to rise, although if such would actually affect grocery bills much, I don't know. This is interesting stuff, but way out of my area of knowledge. We have the occassional coffee or lettuce price spike, like we've had in recent years, but one or two commodities in short supply probably aren't enough to actually affect CPI. But if drought and high heat were fairly widespread at critical times prior to harvest, I could see food prices having an impact on CPI. Dunno really.
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