The latest economic data has triggered concerns that inflation was starting to spiral out of control after CPI rose more than expected in May to post its largest increase in nearly three years
"High commodity prices are filtering into consumer prices even without any U.S. wage pressures,” says Peter Boockvar of Miller Tabak.
Considering the environment, how should you trade a food stock like Archer Daniels Midland.
Find out from Brian Stutland of Stutland Equities. Watch the video now!
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Trader disclosure: On June 15, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Grasso Owns (AKS); Grasso Owns (AMD); Grasso Owns (ASTM); Grasso Owns (BA); Grasso Owns (BAC); Grasso Owns (C); Grasso Owns (D); Grasso Owns (HOV); Grasso Owns (JPM); Grasso Owns (LIT); Grasso Owns (LPX); Grasso Owns (MHY); Grasso Owns (NDAQ); Grasso Owns (PFE); Grasso Owns (PRST); Stutland Owns (BAC); Stutland Owns (GS) Bonds; Stutland Owns (GM); Stutland Owns (GOOG) Bull Option Spread; Stutland Owns (MSFT) Bonds; Stutland Owns (WMT), Is Short (WMT) Calls; Stutland Owns Silver Bear Option Spread; Stutland Owns (GLD); Finerman Owns (MSFT); Finerman Owns (BAC); Finerman Owns (AAPL)
For Brian Stutland
Stutland's Firm Is A Market Maker In (WMT) Futures And Options Holding Positions
Stutland's Firm Is A Market Maker Holding Positions In VIX Futures And Options And VXX Stock And Options
For Steve Grasso
Stuart Frankel & Its Partners Own (ABX)
Stuart Frankel & Its Partners Own (CSCO)
Stuart Frankel & Its Partners Own (CUBA)
Stuart Frankel & Its Partners Own (GERN)
Stuart Frankel & Its Partners Own (HPQ)
Stuart Frankel & Its Partners Own (HSPO)
Stuart Frankel & Its Partners Own (MU)
Stuart Frankel & Its Partners Own (MSFT)
Stuart Frankel & Its Partners Own (NYX)
Stuart Frankel & Its Partners Own (PFE)
Stuart Frankel & Its Partners Own (PFST)
Stuart Frankel & Its Partners Own (SDS)
Stuart Frankel & Its Partners Own (UAL)
Stuart Frankel & Its Partners Own (XRX)
Stuart Frankel & Its Partners Are Short (QQQQ)
Stuart Frankel & Its Partners Are Short (AAPL)
For Karen Finerman
Finerman's Firm Is Short (IWM)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (SPY)
Finerman's Firm Is Long S&P 500 Puts
Finerman's Firm Is Long Russell 2000 Puts
Finerman's Firm Owns (AAPL)
Finerman's Firm Owns (BAC) Leaps
Finerman's Firm Owns (MSFT)
Finerman's Firm Owns (WMT)
For Brian Kelly
Accounts Managed By Brian Kelly Capital Are Long U.S. Dollar
Accounts Managed By Brian Kelly Capital Own (GLD)
Accounts Managed By Brian Kelly Capital Own (SLV)
Accounts Managed By Brian Kelly Capital Own (USO) Puts
Accounts Managed By Brian Kelly Capital Own (IWM) Puts
Accounts Managed By Brian Kelly Capital Are Short (SPY)
Accounts Managed By Brian Kelly Capital Are Short (JJC)
Accounts Managed By Brian Kelly Capital Are Short (EWJ)
Accounts Managed By Brian Kelly Capital Are Short Euro
Accounts Managed By Brian Kelly Capital Are Short Yen
Accounts Managed By Brian Kelly Capital Are Short Pound
Accounts Managed By Brian Kelly Capital Are Short Australian Dollar
CNBC.com with wires.
