With drought threatening food production in the EU, US and China analysts at Renaissance Capital believe the next 8-10 weeks will be crucial to prices in 2011 and 2012.
U.S. corn surpluses are expected to increase higher than anticipated this summer and grow even more next year, a trend that could help ease rising food and grain prices this year.
Thursday’s USDA March U.S. acreage and stocks report showed what farmers are going to plant this spring came in at more than 92 million acres. But at 6.52 billion bushels, inventory is 15 percent less than one year ago, at a time when demand is strong.
U.S. farmers are expected to boost the size of this year's corn crop, potentially easing global food inflation.
Don't get too caught up in this rally, the "Mad Money" host said.
In targeting the most promising subsectors or individual commodities, consider platinum, palladium, copper and corn.
Corn, energy and some industrial metals look particularly well positioned for gains in the year ahead, thanks to tight inventory levels and potential supply shocks.
The world’s second-largest wheat, corn and sugar trader tells CNBC that while agricultural prices will remain high the rest of the year, the world isn't going to experience a renewed food crisis.