World Grain - December 2010 - 28

FEATURE

Arrow
pointed upward
for grain prices
T

he world is in for several years of a structural bull
market in grains, according to Dan Basse, president of
AgResource Company, a consultancy based in Chicago,
Illinois, U.S. Speaking at the Global Grain 2011 Conference
in Geneva, Switzerland Nov. 16-18, he warned that any loss in
the 2011 crop could cause a price explosion.
Every year, Basse presents the conference with a "headline."
"Last year we talked about the extreme volatility, and
I know a lot of you in this room thought I punted," Basse
said. "That's what our research was showing. And until the
problems in Russia and Kazakhstan, that was kind of the
markets we had. In 2008, we focused on the economic uncertainty that left us all with flat, declining markets until
April."
(Above) Seated from left at the Global Grain 2011 Conference are: Dan
Basse, president of AgResource Company; James Dunsterville, chairman,
Global Commodities Group; and Daniel Day Robinson, managing director,
Day Robinson International. Photo by Chris Lyddon.
28

by Chris Lyddon

Analyst at Global Grain 2011
Conference forecasts a 'structural bull
market' over the next several years
2007 was about the challenges ahead, 2006 was the year of
grains, while 2005 had been the year with the arrival of the
"just burn it" mentality.
"We are calling (2010) right now the year of food security
and can we afford to burn it?" he said. "What does that mean?
It means I'm really pretty bullish about the agricultural industry as we see it today."
It likely means several years of a structural bull market.
"In fact, as we go through our data, I can't figure out how
December 2010 / World Grain / www.World-Grain.com



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World Grain - December 2010

Table of Contents for the Digital Edition of World Grain - December 2010

Contents
World Grain - December 2010 - 1
World Grain - December 2010 - 2
World Grain - December 2010 - 3
World Grain - December 2010 - Contents
World Grain - December 2010 - 5
World Grain - December 2010 - 6
World Grain - December 2010 - 7
World Grain - December 2010 - 8
World Grain - December 2010 - 9
World Grain - December 2010 - 10
World Grain - December 2010 - 11
World Grain - December 2010 - 12
World Grain - December 2010 - 13
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World Grain - December 2010 - 16
World Grain - December 2010 - 17
World Grain - December 2010 - 18
World Grain - December 2010 - 19
World Grain - December 2010 - 20
World Grain - December 2010 - 21
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World Grain - December 2010 - 25
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World Grain - December 2010 - 27
World Grain - December 2010 - 28
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World Grain - December 2010 - 30
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World Grain - December 2010 - 33
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World Grain - December 2010 - 40
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World Grain - December 2010 - 78
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