Kinyodia's Market Watch brought to you by Kinyodia Bakery
This week's top story: After a long run of Lumber and Concrete selling at near five figure premiums, prices have plummeted to nearly a fifth of their long-term averages. Speculators believe the easing and rising cost of construction have contributed to the downfall and predict cheap materials being readily available at reasonable costs for the upcoming weeks. Some nations have taken the opportunity to stock up on materials before the next construction boom.
In other construction news, a freak shortage of timber due to a historically dry season accompanied by wildfires has resulted in a massive supply and logistics nightmare for some nations while others unaffected by the weather are profiting reasonably. Prices are expected to remain high until fall this year.
Energy resources remain at historic lows as nations are becoming more energy independent as abundant supplies and ample extraction remain at above average levels.
World food markets remain reasonable and are expected to maintain their status well into the next quarter. Speculators expect a steady rise in demand as the world population increases and also questions if nations can afford the land and resources to keep their populations fat and happy.
Due to the international moratorium on war and standing armies, military resources are at historic lows and are expected to remain far below historic averages until nations and alliances come to their senses.
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