Agri Commodity Markets Research April 2021: Ready, Set, Grow!
Agri commodity prices climbed 15% since the end of March to reach price levels not seen since 2011-2013, a period which followed two consecutive severe La Niña events that affected crops across the globe. Ongoing concerns about the tightening G&O situation from adverse weather in Brazil and North America at a time of very good global demand are exacerbated further by rampant speculative interest and a weakening US dollar. Going forward, the weather will be in the driving seat for virtually all commodities and heightened volatility is to be expected. Fasten your seatbelt. Ready, Set, Grow!