Inflation is making a comeback, thanks largely to government and central bank response to the global pandemic. What’s more, the Federal Reserve has asserted a new commitment to encouraging even more inflation via its monetary policy. Here we’ll survey the latest data which supports my conclusion that soybeans should be a major beneficiary of this inflationary trend.
In recent reports, I’ve made the case that inflation is on the rise thanks to this year’s government-imposed lockdowns. Lockdowns have arguably resulted in the dollar’s measurable weakness, which in turn has led to an increase in inflation