Grain prices are approaching the peak levels reached in mid-2008, a period when many other commodities were also hitting record highs just before the economic meltdown. While many commodities are well below those levels today, grains have climbed all the way back.
Corn prices lead the sector’s rally, having jumped about 35% in the last month and the key futures contract has reached US$7.86 a bushel. Soybean prices Wednesday hit an all-time high of US$16.79 a bushel.
U.S. Midwest drought sets global crop prices soaring | Investing | Financial Post
No comments:
Post a Comment