I don't think there's a bubble in agricultural commodities like wheat, corn and soybeans. But in metals and oil there's been a terrific [price] move. It's like most trends: At the beginning, it's driven by fundamentals, then speculation takes over. As the old saying goes, what the wise man does in the beginning, fools do in the end. With any asset class that has a big move, first the fundamentals attract speculation, then the speculation becomes dominant. May 8, 2006, shareholder meeting
Nota Bene: Costco and Sam's Club, two large club merchandizers in the US, have put limits on the amount of selected types of rice that customers can purchase.