CHICAGO— Grain futures were lower in early trading Monday on the Chicago Board of Trade. Wheat for September delivery was 7.5 cents lower at $4.9175 a bushel; December corn was 4 cents lower at $3.7725 a bushel; December oats were 9.25 cents lower at $2.4775 bushel; while November soybeans fell 8.25 cents to 9.32 cents a bushel. October live cattle was 2.025 cents...» 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.