There's a grain shortage - here's how to profit

Agricultural commodities have been left behind in the big market bounce. But there are plenty of good reasons why they will soon be on the rise. John Stepek explains why, and looks at the best ways to cash in.

The rampant rally since March has driven up prices across the board. Last week, my colleague David Stevenson had to have a real trawl around to find any remaining sectors on the stock market that looked cheap. He found one (Here's where to find the cheapest stocks on the market), but it wasn't an easy job.

In the wider investment universe, there's the same problem. From corporate bonds to oil to copper to government debt, the price of everything has been driven higher. If you care even remotely about fundamentals, it's getting harder to find value out there.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.