Your concern is not reflected in the market. 2023 crop is down similarly over the same timeframe, with cash bids at only $6.80 presently. Your scenario is not u

Your concern is not reflected in the market. 2023 crop is down similarly over the same timeframe, with cash bids at only $6.80 presently. Your scenario is not unrealistic, to be sure, but current behaviour is not acting in accordance with it and inflation only tracks actual, measured, behaviour, not what could have been. Certainly, it is possible for inflation to slow and then ramp up again. It is not a static value by any stretch. But it remains that current indicators suggest that it is slowing. Not only in the actual inflation metrics but other also in other indicators.