Wednesday, February 16, 2011

U.S. wholesale prices rise 0.8% in January Economic Report - MarketWatch

U.S. wholesale prices rise 0.8% in January Economic Report - MarketWatch

agricultural calamities around the world and the conversion of grains to ethanol to fuel our energy thirst are driving commodity prices to new highs. When that happens the speculators jump into the fray to trade on the futures market as a hedge on their stock investments. This drives the price of the commodity higher and costs us in the aisles at Kroger and Wal-Mart.

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