CHICAGO— Grain futures were higher in early trading Tuesday on the Chicago Board of Trade. Wheat for September delivery rose 3 cents to $5.02 a bushel; December corn was 2.25 cents higher at $3.7875 a bushel; December oats were 2.75 cents higher at $2.48 bushel; while November soybeans gained 7.5 cents to 9.43 cents a bushel. October live cattle was. 60 cent higher at...» Read More
Glencore made a speculative bet on rising wheat and corn prices in the early stages of last summer’s Russian drought, when senior traders at the Swiss-based company publicly urged Russia to impose a grain export ban. The FT reports.
Grain prices are going to take almost two years to rebuild, so there's going to be a period of elevated costs, said Farha Aslam, food analyst at Stephens.
If you're looking for action, try grains, but even that may be iffy. It all depends on the weather.