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Corn and soybean prices have risen nearly to record levels, signaling higher food inflation ahead. Global food prices had already hit records after Russia invaded Ukraine in late February.
Poor South American harvests, planting weather problems in the U.S., and rising biofuel demand threaten to tighten inventories further.
Tightening grain and oilseed stocks support feed ingredient prices and raise input costs for feed buyers. Expect continued upward pressure on corn and soybean complex prices.
wsj.comRyan DezemberApr 28, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
