Food prices, effect of speculation upon
The Automatic Earth recently had a great diagram illustrating the amount of speculation that goes on in food prices, versus the food’s actual value. I’m not so brazen to argue that speculation is responsible for high prices (when clearly agricultural and climate problems are responsible for the bulk of it) but I find it hard to believe that amount of speculation would have utterly no impact on prices.
TAE didn’t attribute the diagram, but it looks like something the Economist would put out.