Monday, October 13, 2008

Ag Prices Compared to Crude Oil

I'm sure I've posted about this before but I can't remember really. anyway here is a longer-term chart that shows the relative performance of ag prices (GKX) to crude oil (WTIC):



and here's a shorter-term chart:



while the short-term could bring surprises, I'm convinced that over the next several years ag prices will far out-perform energy prices.