|
|
|
Futures opportunities
3 Jan 2008
Agricultural investment experts are predicting that we are at the start of a major rally in commodity prices that could last as long as 20 years. Buying futures contracts could be very profitable as supplies of key crops such as soya beans are expected to be well below demand. Goldman Sachs has predicted that December 2008 prices for corn will reach $US5.30 a bushel compared with $US4.735 now. While the average corn yield in the US has doubled from 71.9 an acre in 1974 to 153 per acre now, some farmers have switched more of the growing area to wheat to take advantage of its record prices.
The Australian Financial Review, 3/1/2008
|
|
