Earlier this year, forecasts for the El Niño weather phenomenon pushed many investors to enter the commodity space on expectations that food prices were going to rise.
For those that did, recent reports from government officials that the weather pattern could be its most severe in almost 20 years have been good news. Farmers are already warning about crop shortages and several agricultural products have seen sharp gains in response.
Food Prices Rising
Las week, the United Nations' Food and Agriculture Organization reported that global food prices increased for the first time in more than a year, a sign that ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5907145/heres-how-el-ni-o-could-affect-your-portfolio alt=Here's How El Niño Could Affect Your Portfolio>Full story available on Benzinga.com
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