Soybean Prices Reached Almost Record Prices, Platinum Investors Turning To New Suppliers, Copper Prices Struggling To Recover

[FXMAG]

Soybean prices have been soaring the past month.
Over the past month we have seen the price of soybean futures rise to almost record highs. The Soybean commodity is under price pressure as a secondary backlash from the war between Russia and the Ukraine along with adverse weather conditions in Latin America and supply chain issues around the world. Since the start of the pandemic, the price of Soybean futures have doubled. There is a strong demand for soybean in the form of oil and feed for cattle all over the world, with Latin America being one of the worlds largest suppliers and is experiencing a poor harvest due to the poor weather conditions, the concerns around supply are growing, causing the prices to rise



https://www.fxmag.com/commodities/soybean-prices-reached-almost-rec...