At present, global commodity prices are intensifying, and food prices are also skyrocketing.
Corn futures rose above the $8 mark on Monday due to supply issues, hitting a nearly 10-year high since September 2012 and up a third from $6 at the start of the year.
Futures such as wheat and soybeans are also continuing to climb:
The July wheat contract closed at $11.29 per bushel, up 24.25 cents, or 2.2%, from the previous trading day; the July soybean contract closed at $16.93 per bushel, up 28 cents, or 1.68, from the previous trading day %.
Since the new crown epidemic, the price of agricultural products has been on the rise. And world food commodity prices jumped sharply in March to record highs as the conflict in the Black Sea hit markets for staples and vegetable oils.
The Food and Agriculture Organization of the United Nations (FAO) has warned that global food prices may rise further in the future. Since mid-2020, FAO’s global food price index has risen by about 75%, surpassing the previous levels during the 2008 and 2011 global food crises.
Food giants are also “ making a lot of money “ as world food prices rise to their highest levels in history.
Today, the “four major grain merchants” that control the global grain distribution and sales control 75%-90% of the world’s grain transactions. Recently, three members of the Cargill family have newly joined the list of the world’s 500 richest people selected by Bloomberg.
Two U.S.-listed companies in the Big Four, ADM and Bunge, have also had strong share prices this year:
$Archer Daniels Midland (ADM.US)$ (Archer Daniels Midland) rose as much as 43%, $Bunge (BG.US)$ rose more than 36%.
The agency also said that the increase in the price of agricultural products has also spawned investment opportunities in many fields, such as agricultural heavy construction machinery, agricultural production and traders. According to Futu Niuniu $agricultural products (BK2007.US)$ , $agricultural inputs (BK2010.US)$ and $agricultural heavy construction machinery (BK2471.US)$ , $food shortage (BK2649.US)$ sections show:
The three major fertilizer producers in North America, $US Mosaic (MOS.US)$ , $CF Industrial Holdings (CF.US)$ , $Nutrien (NTR.US)$ , have risen steadily this year, among which US Mosaic stock price has nearly doubled. Times; agricultural machinery giant Deere shares (DE.US) $ also rose more than 28%.
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