The agricultural commodity market has been an area to watch lately, given worries over the growing global food crisis and rising prices. Global food prices are surging at the fastest pace ever as the war in Ukraine has disrupted crop supplies, piling up more inflationary pain on consumers and worsening a global hunger crisis through markets for staple grains and vegetable oils. Invesco DB Agriculture Fund DBA added 4.1% past month (as of Sep 2, 2022).
The war in Ukraine then sent food prices surging at their fastest pace ever. Russia and Ukraine are major exporters of grains and they together account for more than a quarter of the global trade in wheat, and a fifth in corn. Ukraine is also the biggest exporter of sunflower oil.
