Global grain markets to feel continued pressure

摘要

Agricultural analysts are warning of continuing uncertainty in global grain markets for the foreseeable future, due to possible bad weather and future harvests in the southern hempishere.rnSpeaking at the recent Grain Market Outlook Conference, Steve Jesse, head of agricultural commodities sales at Barclays Capital, said the markets would be much more sensitive to further weather-related setbacks for at least the next year until the world's grain producers replenished stocks. "With a limited amount of additional acreage in the main growing countries, it may well take even longer for all markets to build stocks to sufficient levels to push actual prices and volatility back to levels we enjoyed six months ago," said Jesse.