This post concerns agricultural commodities and climate change scaremongering, but I've put it in the economics forum, because to me, the point is more about economic misinformation and BS, and in fact, appears in their finance section.
This article appeared in the UK Daily Telegraph for tomorrows edition:
Leaving aside the climate change bullcrap,the bit that caught my eye was the bit in red.El Niño threat blows commodity prices higher
With the El Niño-Southern Oscillation (ENSO) on the horizon and concerns over food shortages, crops are locked in a bull market.
Locked in bull market?
It's true we had a massive spike in the ags last year, and prices remain off all time lows, it is a mighty stretch to categorize agriculturals as being locked in a bull market.
Consider this graph of Powershares Ag ETF
That looks like typical commodity basing out pattern. i.e. There is no bull there. (Though there is a seasonal bullish trend due fairly soon).
Soybeans remain the only remotely semi bullish contract in the grain complex.
My question is WTF are these clowns playing at? Is it purely lazy, zero research hack journalism, or is there some other tin foil hat worthy explanation for the appearance of these types of articles