World Grain - December 2010 - 30
FEATURE: ARROW POINTED UPWARD FOR GRAIN PRICES
down," he said. "We rally and we get
our farmers to produce more, but I can't
find a land situation or a situation this
year or next year in which I can end this
bull cycle very easily."
One reason for the bull market forecast is economic growth.
"We're really quite optimistic the
world economy is growing again and
ag demand is accelerating," he said.
"Southeast Asia and Latin America are
the areas of growth. The U.S. is trying
to reflate its economy."
Basse
this ends nicely," he said.
He reminded the audience of the cyclic nature of agricultural markets.
"We overproduce and prices go
CONCERN OVER CHINA
He noted that one of the major concerns in the market is over China's evident desire to control food inflation.
"The price of vegetables since the first
of November within China, Beijing,
Shanghai is up 64 percent," he said.
"This can't continue within China. Their
big concern is what's going on, and so
when the Chinese talk about controlling
food prices, we're really not sure how
they're going to do it."
At the time he was speaking, talk of
Chinese controls had triggered a sell-off
in grains, especially corn (maize).
"They're talking about it to jawbone
the market down," he said. "We have all
these speculators who are long in things
like corn and soybeans, and to a lesser degree they are modestly net long of wheat.
You end up getting this big collapse in
price, and that's where we are today.
"Now do I think that changes our environment, our landscape and where we
think markets will go in 2011? No. But
is it going to give us a lot more volatility? Yes."
Basse highlighted China's growth.
"Have any of you read the new five-year
economic program that has come out
in China? You need to," he said. "One
of the tenets of that program is that the
we ta
take care of your handling requirements
nts
PTM s.r.l.
Via Mario Tognato, 10 - 35042 ESTE (PD) ITALY
tel. +39 429 600973 - fax +39 429600874
W W W P T M T E C H N O L O G Y C O M s I N F O
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30
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
World Grain - December 2010 - 14
World Grain - December 2010 - 15
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
World Grain - December 2010 - 22
World Grain - December 2010 - 23
World Grain - December 2010 - 24
World Grain - December 2010 - 25
World Grain - December 2010 - 26
World Grain - December 2010 - 27
World Grain - December 2010 - 28
World Grain - December 2010 - 29
World Grain - December 2010 - 30
World Grain - December 2010 - 31
World Grain - December 2010 - 32
World Grain - December 2010 - 33
World Grain - December 2010 - 34
World Grain - December 2010 - 35
World Grain - December 2010 - 36
World Grain - December 2010 - 37
World Grain - December 2010 - 38
World Grain - December 2010 - 39
World Grain - December 2010 - 40
World Grain - December 2010 - 41
World Grain - December 2010 - 42
World Grain - December 2010 - 43
World Grain - December 2010 - 44
World Grain - December 2010 - 45
World Grain - December 2010 - 46
World Grain - December 2010 - 47
World Grain - December 2010 - 48
World Grain - December 2010 - 49
World Grain - December 2010 - 50
World Grain - December 2010 - 51
World Grain - December 2010 - 52
World Grain - December 2010 - 53
World Grain - December 2010 - 54
World Grain - December 2010 - 55
World Grain - December 2010 - 56
World Grain - December 2010 - 57
World Grain - December 2010 - 58
World Grain - December 2010 - 59
World Grain - December 2010 - 60
World Grain - December 2010 - 61
World Grain - December 2010 - 62
World Grain - December 2010 - 63
World Grain - December 2010 - 64
World Grain - December 2010 - 65
World Grain - December 2010 - 66
World Grain - December 2010 - 67
World Grain - December 2010 - 68
World Grain - December 2010 - 69
World Grain - December 2010 - 70
World Grain - December 2010 - 71
World Grain - December 2010 - 72
World Grain - December 2010 - 73
World Grain - December 2010 - 74
World Grain - December 2010 - 75
World Grain - December 2010 - 76
World Grain - December 2010 - 77
World Grain - December 2010 - 78
https://digital.world-grain.com/sosland/wg/world-grain-december-2024
https://digital.world-grain.com/sosland/wg/world-grain-november-2024
https://digital.world-grain.com/sosland/wg/world-grain-october-2024
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https://digital.world-grain.com/sosland/wg/world-grain-december-2022
https://digital.world-grain.com/sosland/wg/world-grain-november-2022
https://digital.world-grain.com/sosland/wg/world-grain-october-2022
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https://digital.world-grain.com/sosland/wg/world-grain-may-2022
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https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
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