18/03/14: Update commodities

The weekly commodity update from Kerrie Lonergan, Australia’s ABC TV Landline, headlined weather issues and he was joined by Professor Roger Stone, a famed climatologist.

Kerrie raised the subject of ‘living in Interesting times’ and noted three interesting issues for this week’s commodity update on grain:

1.    Global grain prices have increased 25% in 6 weeks (Ukranian crisis…)
2.    Australian wheat prices have increased $35 per tonne in last month
3.    The word is an El Nino is soon upon us and that means drought
View this week’s video and listen to Professor Stone’s interesting interview about the weather.

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