THE ANALYSTS: Invest in food

The Analysts of Taking Stock with Kalilah Reynolds say that with food prices skyrocketing over the past year, now is the time for investors to take advantage of the futures market.

On the futures market, buyers and sellers enter competitive bids and offers at the same time.

The price at which a stock trades is the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. A specified future date is locked in for the delivery of the commodity or security at the set price.

Speaking on Taking Stock, Founder of the Profit Room, Ernest Curry, said that investors can benefit from the rise in basic food items.

Curry noted that in the United States, the cost of food overall has risen by 11% over the past year. Eggs are up 39%; bread 16%; and meat 6%.

Curry explained that investors can benefit from these increases by investing in the commodities that influence the rise and fall of these products.

“The beauty for those who invest and trade is that you can make profits by investing in wheat, soybean, live cattle, natural gas and oil,” he said.

He explained that farmers need wheat, corn and other commodities to rear their livestock and the Russia/Ukraine war has left a deficit of these commodities on the global market. Russia and Ukraine supply roughly 30% of the world’s grains.

Curry noted that despite both countries agreeing to resume the shipment of grains, with the conflict entering its 8th month, analysts are already predicting that cattle prices will go higher in 2023 and 2024.

“When you consider all of this information you can anticipate price movements based on technical analysis,” he said.

He added that investors can use this information to invest and trade these commodities.

“So far this year, the cost of the live cattle industry has been US$480 million,” he noted, adding that there are many opportunities to earn money despite the economic outlook.

WATCH THE SEGMENT HERE

Sashell Williams2024-09-03T21:40:31-05:00