Given the draught in S America the year starts with a pretty big question mark. Another is the direction of US corn demand after subsidies & tariffs come to an end. Yet another is the EU sovereign debt crisis, its impact on investors; add to this the EU's sluggish economy...Finally the Arab upheaval adds further uncertainty as the region has quickly become a major protein importer...and political volatility may push up oil prices..
Unsurprisingly it is difficult to make short term forecasts at the moment but the next few weeks will offer much needed information about global economic prospects, protein demand, biofuel demand, crops, ag input prices, interest rates, exchange rates etc.
No comments:
Post a Comment