Date: April, 2008
Abstract: A number of the world’s major grain and oilseed markets entered 2008 in uncharted price territory, following an extraordinary bull run in prices over the past 18 months. A combination of record low global inventory levels, weather induced supply side shocks, surging outside investor influence, record oil prices and structural changes in demand for grains and oilseeds have created an explosive environment for prices (Figure 1).
Prices for soybeans, the world’s largest oils...
Research Type: Industry Note