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Cargill exec says traders have more opportunities to do well when there's a lot of market volatility.
Bloomberg | Apr 08, 2021
By Andy Hoffman
Agricultural commodities are poised for a “mini supercycle” as China’s rampant demand keeps supplies tight, according to the head of a key Cargill Inc. trading unit that’s seeing its best results in a decade.
China’s crop-buying spree and dwindling stockpiles recently sent prices to multiyear highs, while also whipping up volatility that traders crave. A surprise smaller-than-expected U.S. planting report should help drive corn and soy prices even higher, said Alex Sanfeliu, who runs Cargill’s World Trading Group. The International Grains Council also sees supplies remaining tight.