10 more years ...of... Volatility?

[TOM4CWB]

"10 More Years -- Speaking at the Global Grain Conference in Geneva, Switzerland, AgResource Company President Dan Basse said agricultural commodities will remain in a bull market for the next seven to ten years. Basse says global food demand will increase at its current rate of 2.3 percent per year. Basse estimated the proportion of income spent on food in the US to surge to around 15 percent, up from its current level of less than ten percent. Basse forecasts extreme price volatility in the grain markets in 2008, but said that wide swings in prices offer opportunities to make a profit."