Published on 2 Dec 2022 on Insider Monkey via Yahoo Finance

11 Best Commodity Stocks To Buy Now

In this article, we discuss the 11 best commodity stocks to buy now. If you want to read about some more commodity stocks to buy now, go directly to 5 Best Commodity Stocks To Buy Now.

Commodities are often split into broad categories like hard and soft commodities. Natural resources are included in hard commodities such as gold, rubber, and oil, whereas soft commodities are agricultural products or livestock — such as corn, wheat, coffee, sugar, soybeans, and pork. Over the past few months, supply chain issues and the Russian invasion of Ukraine have resulted in an increase in commodity prices. A recent World Bank report underlines that there has been a significant increase in agricultural commodity prices. 

According to the report, this had led to intensifying food insecurity and extreme poverty in many developing economies. Inflationary pressures are also complicating the situation. The shrinking value of currencies of developing economies is driving up food and fuel prices, further deepening the food and energy crises in these areas. Due to currency depreciations, almost 60% of oil-importing emerging-market and developing economies saw an increase in domestic-currency oil prices during February 2022, per the bank.