Corn, Soy Will Rise as Prices Haven’t Cut Demand, Rabobank Says
This article is for subscribers only.
Corn and soybeans will rise through the second quarter this year as high prices haven’t rationed demand for the commodities, Rabobank said.
Rising corn, soybean and wheat prices haven’t discouraged buyers from purchasing the grains as countries seek to curb food-price inflation, the bank said today in a report. Corn has surged 90 percent in the past year, soybeans have jumped 51 percent and wheat is up 71 percent. Importing countries also may be seeking to hedge against further price appreciation, according to the report.