Title: Commodity market in 2021: platinum, wheat, sugar and cotton
Headings: Commodity market in 2021: platinum, wheat, sugar and cotton
Commodity market in 2021: platinum, wheat, sugar and cotton
What drives the value of agricultural commodities?
Commodity market in 2021: further upside potential
Wheat
Sugar
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Cotton
Platinum
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Content: The La Niña weather phenomenon is in play this year and could disrupt global crop production, increasing volatility in the markets. La Niña increases the risk of heavy rainfall and flooding in some parts of the world; and drought through reduced rainfall in others. It can have a severe impact on agriculture and food security, notes a report from the Food and Agriculture Organisation of the United Nations. The US dollar also plays a role, as most commodities are traded around the world in this currency. Recent weakness in the value of the dollar has reduced the cost of commodities in other currencies, while a rebound in the dollar this year would increase the price of imports and exports. What does the commodities prices forecast look like for the coming months? Where should you consider investing your capital? Commodity market in 2021: further upside potential
Let’s consider the outlook for commodity prices in 2021, specifically the wheat, sugar, cotton and platinum markets.