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Commodities Briefing - Categorized | Market Moves, Price Watch more

Plunging prices for soft commodities could signal buying opportunity

Posted on 23 October 2013

The bust of agricultural commodities over the past couple of years has brought down the cost of betting on the world’s growing need for food and clothing. Since the recession, the so-called soft commodities have been influenced by much more than supply and demand. Fuelled by speculative trading, prices of food and cotton hit extremes, peaking in 2011 before dropping off almost across the board.
But fundamentally, not all that much has changed the outlook for commodities like coffee, cocoa, sugar and cotton. “We’re looking at a pretty interesting environment for making initial long-term bets on soft commodities,” said Shawn Hackett, president of Hackett Financial Advisors in Boynton Beach, Fla………………………………………..Full Article: Source


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