BMI View: We forecast most crop prices to average higher y-o-y in 2016 for the first time in several years and we hold above consensus price forecasts for most agricultural commodities. As such, we expect crop prices to be the bright spot in the wider commodities complex for a second consecutive year. – 14 December 2015
We highlighted crop prices in 2016 as the commodities bright spot along with bullish and above-consensus price forecasts for grains.
Crop prices surged in Q216, led by grains and sugar