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Isis Almeida and Fabiana Batista
Bloomberg News
Crop prices are already at the highest levels in more than eight years, and with meat and fuel markets running hot, the rally may still have further to go.
Meat producers and biofuel makers have so far seen a bull market of their own, passing on the increase in grain costs as the world emerges from the pandemic. Executives from Archer-Daniels-Midland Co. and Bunge Ltd., two of the world’s top agricultural commodities traders, say there are very few signs the rally is curbing demand. And the U.S. is approaching summer peak time for grilling and driving which should only boost consumption further.
Crop Rally Seen Powering On as Buyers Shrug Off High Prices
May 05 2021, 9:57 PM
May 05 2021, 9:13 PM
May 05 2021, 9:57 PM
(Bloomberg) Crop prices are already at the highest levels in more than eight years, and with meat and fuel markets running hot, the rally may still have further to go.
(Bloomberg) Crop prices are already at the highest levels in more than eight years, and with meat and fuel markets running hot, the rally may still have further to go.
Meat producers and biofuel makers have so far seen a bull market of their own, passing on the increase in grain costs as the world emerges from the pandemic. Executives from Archer-Daniels-Midland Co. and Bunge Ltd., two of the worldâs top agricultural commodities traders, say there are very few signs the rally is curbing demand. And the U.S. is approaching summer peak time for grilling and driving which should only boost consumption further.