She's batshit stupid. Bring back American energy independence, and lower fuel prices. It starts & ends with oil prices.
Yes it does! I'm sure I've talked about the corn connection before but it warrents bringing it up again.
Since ethanol became a mainstream thing, the price of corn has been even more closely tied to oil. Very roughly speaking, about 40 to 45 percent of US corn goes to livestock feed and about an equal amount goes towards ethanol or energy production. With the remaining 10 to 20 percent going directly to human food and other uses.
So when oil or more accurately, gasoline, goes up in a supply and demand market such as currently in the US, the value of ethanol goes up.... so if corn is cheap, lots of it pours into ethanol and like any good Capitalists, those ethanol producers crank out more to the point demand for corn goes up and raises the price of corn.
And in Agriculture, corn is King! Farmers decide how much soybeans and every other major crop to plant based on how they expect the profitability of that crop to be compared to corn.
And every trading day the managers of every large feedlot are checking the (futures) price of corn and fat cattle, then calculating the "crush" or profit margin and deciding how much to pay for feeder cattle to keep their yard full. If they don't put enough cattle on feed to meet the demand, the beef packers offer higher prices and pass those costs on to the retailers who pass it on to the consumers.
This happens in somewhat similar manners for almost everything and at least the staples in your grocery cart.
Now there are many complicating factors such as Ukraine and Russia, the two major fertilizer suppliers in the World and big players in corn and wheat, being at war! And the fires and other issues that have momma cows (uterus') at a real low point in the beef industry... can't have steak without it starting in a uterus.
But back to Brent's point, there are lots of factors but it all hinges on energy! In addition to the corn connection, farming and the food supply runs on diesel fuel! So does the distribution system.