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The Bloomberg Agriculture Spot Index posted its largest surge in almost nine years in the week to April 26, driven by a rally in wheat, corn and soybean futures. Bulk ship rates and related ETFs rose alongside, and the FAO said global food prices were at their highest since mid-2014.
Broad grain and oilseed price gains raise feed ingredient costs for livestock buyers, and rising freight alongside amplifies landed costs.
gcaptain.comBloombergApr 27, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
