In case you’ve been wondering what palm oil is doing, - well it’s in new all-time high ground.

 

Finding the Will to Stave Off a Darker Future

Notes today: 

• The Taliban now rule  Afghanistan.

• Germany's wholesale prices rose 11.3% YoY in Jul vs +10.7% in June. This was the highest monthly annual rate of change since Oct1974 after the first oil crisis.

 

• The American University Hospital in Beirut was once the best in the Middle East. It will close on Monday unless somehow somewhere it gets fuel to run the generator.

• CDC: Making the seals tighter to prevent air leakage can reduce people’s exposure by more than 95 percent in laboratory tests. And cover your nose!!

•  Economists now expect annual growth of around 7% in Britain

• Biden hailed the Senate's passage of a $1 trillion infrastructure bill which aims to bring long-awaited improvements to America’s roads and bridges, broadband internet, drinking water and school facilities.

  
  

Nixon Broke With Gold 50 Years Ago. What Comes Next?

There have been four post-gold standards, and all of them can be understood by looking at the ratio of share prices (which rise on optimism) to gold (which rises on pessimism). When the stocks-to-gold ratio is rising, confidence is high, but when it falls, there is fear of inflation.

Oats closed limit up last Friday. Will be interesting where to from here.

As of tonight, so far, Oats are in backwardation. Sep is at 504 Dec at 500

 

 

Headlines of this sort are usually a pretty good indicator that the exact opposite may ensue.

 109 years ago

Should have read decades not centuries.

Pondering Earth's Distant Future

The word has been out for decades: We were born on a damaged planet careening toward environmental collapse.

 

Quick Overview is up to date

BDI Baltic Exchange Dry Index is moving right along 

First time in a  while that the CCFI is down a little.

Florida in the news again: Florida added 151,415 new COVID cases from Friday through yesterday.  1,071 more deaths were also reported by the state

Preventable!!!!!!!

Notes today: 

• The Senior Citizens League estimates that US Social Security could be increase by as much as 6.1% 

• US Census shows US growth driven by minorities; white pop falls under 60 percent. 

• US Inflation remained at 5.4% in July, the same YoY level reported in June. 

• The Producer Price Index for final demand increased 1.0 percent in July, as prices for final demand services advanced 1.1 % and the index for final demand goods rose 0.6%. The final demand index moved up 7.8% for the 12 months ended in July. 

• The world’s currently home to about 7.9 billion people, but this number’s growing constantly.
• The UN thinks there’ll be 9.7 billion people on the planet by 2050. 

• The FDA is reportedly planning to authorize booster shots for immunocompromised Americans. 

• California became the first state to require all school employees to either be vaccinated or submit to regular testing. 

• The Chinese Communist Party announced a new five-year economic plan that will strengthen its grip on crucial sectors, signaling that its corporate regulatory crackdown will extend for years. 

• Britain’s economy grew by 4.8% between April and June compared with the previous quarter.

• The US spent $88 billion $ training the Afghan Army for 20 years. It collapsed in 1 month.

Hundreds of students in Florida are already in quarantine after being exposed to COVID-19 in the classroom, just a few days into the new
school year.

August U.S. consumer sentiment is at the lowest level in about ten years.  Americans grew more worried about the economy’s scenarios, inflation and the recent surge in coronavirus cases.

Nearly half of American workers do not earnenough to rent a one-bedroom apartment, according to new data. 

 

Listen to the latest USDA comments by Steve Freed 

here

Dec. Wheat

Sep.Oats

Spreads for muni hospital bonds are near the lowest in a decade. Delta variant causing hospitals to start canceling profitable elective surgeries - again!

 Global Fire Emissions

 

Later