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Idiosyncratic Supply Risks Short-Lived, Analyst Says

Updated: 03/26/2014 @ 11:26am

The supply risks pushing up prices in the agricultural commodities sector are "idiosyncratic" and should be "short-lived," wrote Morgan Stanley analysts in a note. Factors such as weather, geopolitics and disease have pushed up prices of foods such as coffee, soybeans, wheat, hogs and sugar. Morgan Stanley thinks, however, that a recent decline in sugar prices shows that weather concerns in South America have "proven overstated", while tensions in Ukraine have not yet disrupted grain shipments. It adds even hog prices in the U.S., which have soared due to the PED virus, "should ease as we move into the warmer months." (isabella.steger@wsj.com)

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(END) Dow Jones Newswires

March 24, 2014 05:10 ET (09:10 GMT)

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