Peanut Butter Economics

Last year, we had a peanut shortage. As a result, Skippy raised its prices and Smucker’s removed its reduced-fat creamy peanut butter spread from supermarket shelves. But now, supply has respond…

Peanuts or Cotton?

Farmers decided to plant fewer peanuts when cotton prices soared. The result? Now peanut prices are skyrocketing. Here is the story. Perhaps it all began with higher cotton prices. Responding, peanut …

Cotton or Corn?

One farmer told the NY Times, “It’s going to be cotton stalks everywhere.” With cotton prices soaring, acreage in Texas and other Southern states that had been used for wheat or corn…

Cotton Markets

On November 10, 2009, the price of 1 pound of cotton was 59.2 cents. A year later it was $1.02 and now, it is close to $1.90. For many of us, the result will be more expensive jeans, more polyester, a…

Cotton and Crocodiles

A Malaysian proverb tells us, “Don’t think there are no crocodiles because the water is calm.” Looking at cotton markets, perhaps we should remember the crocodiles. According to The …

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