Supply Chain
The latest CPI shows drivers are seeing motor fuel prices up 58% at the pump compared to a year ago. In total, the new data released Friday shows U.S. inflation jumped 6.8% last month, the fastest rate in 39 years.
As U.S. consumer spending and excess savings are both on the rise, John Phipps says the pandemic stirred up the status quo, and now there’s a key question economists are asking as the calendar flips to 2022.
Farmers have asked the DOJ to investigate whether recent spikes in fertilizer prices are attributable to market manipulation by fertilizer companies, according to a letter sent by the Family Farm Action Alliance.
Global demand has been stable even as shrinking supplies have pushed prices to multiyear highs, but recent shortfalls in some U.S. exports are an example of how U.S. products are priced out of the market when costs soar.
The hunger for dairy products internationally is on pace to set new records in 2021, much of that due to China. Supply chain hurdles haven’t curbed the record demand so far, and experts say that’s been no easy feat.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Inflation is effecting consumers across the country. And as Americans prepare to gather for Thanksgiving this year, it will cost most Americans more than it did last year, but not the highest price ever.
The White House announced Tuesday it’s tapping into oil reserves in an effort to help relieve the rising prices at the pump. But could the decision drive oil prices higher and impact corn prices? Analysts weigh in.
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
The supply chain constraints are continuing to plague agriculture. As farmers work to make input decisions for the 2022 season, economists expect high input prices to persist through spring.