Did You Even Look?
I am planning to create a video on commodities at some stage, but statements like the one below, made in the AFR, do make me question whether journalists ever take the time to examine a chart.
Prices of soybeans and corn, which are both used to produce biofuels, have risen in tandem with diesel and petrol prices.
Corn is down 12.8% YTD, and Soybeans are up a modest 1.2% YTD, having gone sideways for almost a year.
It doesn’t take much effort to find out the correct YTD performance for commodities.
Source – Finviz – https://finviz.com/futures_performance.ashx?v=17
