The article:

➡️ Dairy prices were the second big factor that drove food prices higher in 2024. The increase of the sub-index was mainly attributed to a sharp surge in butter prices (Prices in Euro climbed at the peak over 30% YoY).

💭 Food Prices Went Up Again in 2024 ➡️ The FAO Food Price Index stood at 127.0 points in December 2024, down 0.6 points (0.5%) from its November level. The index stood 8.0 points (6.7%) above its corresponding level one year ago, yet remained 33.2 points (20.7%) below the peak

➡️ Most investors view the commodity trade as a collage of oil and metals positions but as readers of The Commodity Report know the sector is much more diversified and broader with grains, soft and even meats to name a few other sub-sectors where we identify the best ideas

Global coffee production is on track to fall short of demand by 8.5 million bags in the 2025-26 season, marking an unprecedented fifth year of deficits.

Another anti-long-term "#silver as an investment" argument if you're looking for a fundamental reason, as highlighted by @markets.

“Given insufficient alternative export markets, rebalancing the US market would require lower US soybean/corn/meat prices.” ▶️Moreover the large investment bank continues to be bullish on the USD vs the Euro as well as it is expecting even higher treasury yields going into

▶️As seasonally remain bearish and these temperature anomalies often occur during the winter months, we’ll keep our eye on short opportunities in the market.