WHILE global grain values have fallen substantially over the course of the calendar year, industry analysts are warning there could still be fierce volatility and potential for sharp price gains should there be a change in the world supply and demand dynamic. "Current global prices may be too complacent, given the political and seasonal risks around the world," Rabobank associate agricultural analyst Edward McGeoch said. He said while there was a temporary oversupply of grain in the market at present it would only take one event, such as the collapse of the fragile Black Sea Grain Initiative that brokers the safe passage of grain out of Ukraine, to send markets back up. READ MORE: "There are a myriad of potential issues are bubbling away, with the obvious one the Black Sea grain corridor collapsing during Ukraine's export season, but also Canada is becoming hot and dry, Argentina and the US remain dry and we now see Australia also becoming drier," he said. Rabobank data shows ...
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