COM - Grain price records - will higher food prices be passed through or hit margins?

Energy markets are not alone in struggling to navigate the impacts of war in Ukraine. Grain prices are showing similar trends, as the two nations at war account for 30% of global wheat exports. Wheat prices (W_1:COM) (NYSEARCA:WEAT) have hit record after record in recent days, while barley prices have more than doubled, and rough rice futures spiked to near record highs. Soybeans too have jumped post invasion, up ~40% from December levels.  The price rally is sure to be a boon for crop farmers and suppliers, like fertilizer names Mosaic (NYSE:MOS), CF Industries (NYSE:CF) and CVR Partners (NYSE:UAN). Prices are also likely to benefit traders like Cargill. However, record ingredient prices could compress margins for select beverage and consumer packaged goods names.  During the Company's latest conference call in December, General Mills (NYSE:GIS) head of Investor Relations Jeff Siemon said, "the cost that we're seeing this year on a

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Grain price records - will higher food prices be passed through or hit margins?