U.S. Commodities: Raw Materials Cap Longest Rally Since 2000
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Commodities rose for the fifth straight month, the longest rally since March 2000, as farmers and mining companies struggle to keep pace with demand bolstered by the global economic recovery.
Wheat had the biggest January rally in 18 years amid food riots in Africa. Crude oil surged to a two-year high today. This month, cotton and copper rose to records, while hogs climbed to a 24 year-peak. Adverse weather has slashed global crops, and the U.S. and Europe have kept borrowing costs low to bolster economies.