[lbo-talk] Once again, food prices

[brad]

This is the Ghosh article that I was trying to find that clearly shows
(with graphs) the relationship between the prices of commodities and
the amount of money invested in commodity futures markets (the senate
report does the same with numerous graphs and tables):
http://www.wdm.org.uk/food-speculation/commodity-speculation-and-food-crisis-prof-jayati-ghosh

The graph on page 6 shows clearly that as the amount of money invested
in OTC futures contracts contracted in 2008 by 100 billion dollars,
the price of commodities came crashing down.  So no, not expectations
but real flows of money explain the price changes.

Brad