Orange juice prices have seen an astonishing 315% increase since their 2020 low, with a 105% surge just this year, causing trading halts due to rapid price spikes.

The jump in various food commodity prices is not entirely due to inflation.

However, rising food prices certainly are contributing to the ongoing issue.

It truly is a unique time to be an investor/trader.

Follow us @KobeissiLetter for real time analysis as this develops.

— The Kobeissi Letter (@KobeissiLetter) October 5, 2023

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— Win Smart, CFA (@WinfieldSmart) October 6, 2023