CNBC Poll: Is Commodities Speculation Driving Up Food Prices?
Cocoa. Corn. Beef. Pork. All of these commodities have seen enormous price increases in the last year.
Sure, bad weather is to blame for some it, but there's a growing chorus of people — including CEOs, such as Howard Schultz of Starbucks — who say commodities market speculation is a major factor in driving up food prices.
In Washington, Sen. Carl Levin (D., Mich.), for one, wants regulators to curb excessive speculation in the markets.
Others blame the weak dollar, a result of the Federal Reserve's easy-money policy.
What's you opinion?