Crop prices are rallying. That’s good for earnings at farm-related companies. But prices aren’t rallying just because of the weather. Ag investors are always watching the skies. Some of the changes are structural, which could give farming companies a boost beyond 2021.
Rising crop prices have a lot to do with the better-than-expected outlook. Corn and soybean prices for delivery in September—the coming crop—are up more than 30% over the past six months. African swine fever is a hog disease that affected hog herds around the world and especially in Asia. Those stocks are up about 45%, on average, over the past six months. Investors have started to take notice. But most of the gains can be explained by rising crop prices.
$CF for the corn.
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