Global food prices are climbing higher along with energy and precious metals. In May, the Reuters/Jefferies CRB Index, which tracks 19 raw materials including corn, crude oil, and gold, surged by 14 percent — its biggest monthly gain since 1974!
What's behind this move? Simple: The U.S. government's massive spending is killing the dollar and setting off inflation. At the same time, China's massive economy is still growing like crazy. And the insatiable Chinese demand for all kinds of resources looks set to continue despite the global recession.
In last week's Money and Markets column, I explained how you can trade gold with ETFs. Today we're going to look at the ways you can play the uptrend in agricultural products — without using futures or options.