Best Farm Rally in 20 Years Still Leaves Crops Cheap: Chart

Even amid the biggest April rally for farm goods since 1996, prices still have more to gain -- at least, that’s what one measure is signaling. The Bloomberg Agriculture Subindex is trading more than 60 percent below its 2011 peak relative to the Standard & Poor’s 500 Index of equities. That leaves the crop markets “primed for increased investment over the long-term,” according to Daniel Hueber, the publisher of the Hueber Report, an advisory service and commodity brokerage in Sycamore, Illinois.

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