Deflation Yields Food Stocks for Thought

Many were "caught off guard" when Friday's Producer Price Index reading for February came in at -0.5% vs. expectations of 0.3%. Candidly, that surprise surprised me. While it's hard for some to imagine, the reality is February marked the fourth consecutive month of falling prices. One of the primary drivers, of course, has been the substantial drop in oil prices and there has been much conversation about the next leg in oil prices with domestic storage looking tapped out.

Increasingly, it looks like we will be awash in supply that will at best keep prices low for some time, or at best (if you're a consumer) push gas prices even lower. This has led a growing number of companies, such as CONSOL Energy (CNX), Noble Energy (NBL), Husky Energy (HSE), Linn Energy (LINE), BP (BP) and Chevron (CVX), to slash capital spending projects....336 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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