The Cure for High Prices Is High Prices

There's been a broad commodity rally in the last couple of years. Do the fundamentals really justify those prices? Are we about to buy the hies in commodities? I have fears around that, i have to say. And i think it depends on the commodities. If saner heads egin to prevail in russia and ukrane, that pulses and grains can come down a lot. I believe too, that agricultural minerals, which is to say, ammonia and potash in particular, could come down. What you see in the extractive industrieso oil and gas and mning has been that society has been under investing in the means of production for a very long time.