If you’ve done any amount of grocery shopping recently, you’ve likely noticed that food prices are rising in 2021.
So we’re back with another video that’s a bit off-the-beaten path as far as investing goes — which is a good thing if you’re looking for value!
But this also highlights a bigger problem — inflation and the Federal Reserve…
And, mostly importantly, we’re here to talk about actionable ideas you can use to profit from skyrocketing food costs.
Tuesday we discussed lumber prices, which have risen to never-before-seen highs…
Much like lumber, food prices are rising in 2021!
Take a look at this chart for soybeans. Just like lumber, we’re in nosebleed territory here…
Just look at the move over the past eight to 10 months… it’s HUGE! Ladies and gentlemen, this is not a penny stock. This is the price of soybeans. And if you look at wheat and corn prices, it’s the same thing.
So what does this mean for you and I and everyone else in the world? It means food prices are going to keep rising… big time.
Remember 10 to 12 years or so ago when gas prices skyrocketed and everyone freaked out? Well, that’s about to happen with food prices. And the Federal Reserve has said what?
That it wants inflation to go up. Food and energy are core things hit by inflation.
So how do you profit from all this? By buying ETFs that track the different futures markets, and/or individual stocks like Hershey Co. (NYSE: HSY), which looks to be on the verge of a huge base breakout.
Check out my short video on how to profit from food prices rising in 2021, and let’s chat more about Hershey’s emerging chart formation. I also have several ETFs and other individual stocks for you.
Also be sure to check your inbox each Monday for my free weekly watchlist. I’ll also send you free trade alerts pulled from my watchlist every couple of weeks just as a thank you for being a reader.
And as always, please like and subscribe to our YouTube channel and podcast, “Smart Money Circle,” where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I’m also a contributor.
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