[All Blue State]

Today, on our local radio station they were discussing the price of gasoline and the fact that crude oil is now over $90 a barrel. They stated that supply and demand is down, but the commodities market is driving up the price. Speculation. This is possibly due to the weak dollar and the desire to sabotage our economy. It is economic terrorism.

[KernFarmer]

I can not speak to all commodities but cotton prices are up because the supply over the last few years has declined. The supply out there now is about equal to demand. That may change in the future time will tell. Sugar prices are up because of a legal ruling on roundup ready sugar beet seeds http://powelltribune.com/index.php/content/view/3108/58/
which will affect the supply of sugar. The wheat price is because of a terrible wheat crop in Russia which halted wheat exports. Cotton and wheat prices will trend down next year I am sure but sugar may take awhile.