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Transcript: The Perfect Storm That Caused Grain Prices to Soar

Operations During A Wheat Harvest As Crop Report Shifts

Photographer: Daniel Acker/Bloomberg

This week we got an inflation reading that came in at a more than 30-year high with prices rising across several categories. Inflation is always a politically salient phenomenon, but especially so when food prices are rising, which they are right now. Major grain prices have gone up rapidly over the last year, which naturally feeds into higher dairy and meat prices and so on. So what's driving it? On this episode we spoke with Angie Setzer of Consus ROI on the seemingly perfect storm of events that have lead to higher prices for agricultural commodities. The transcript has been lightly edited. This Is the Perfect Storm That Caused...