International Investing

Article from Yahoo.com:

A shortage in cargo ship space could push up commodity exchange traded funds.

The world’s fleets of cargo ships are aging, and demand for commodities is surging. That means the cost of shipping will go up, pushing up prices and crimping supply.
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Commodity prices tend to rise with the index because they have to be physically moved. ETFs that track commodities themselves will therefore rise with it.

Stocks of commodity producers will also rise. But those companies that produce processed commodities such as steel might be under pressure as the cost of raw materials goes up.