Panic Buying of Agricultural Sector as Global Grain Inventories Hit Record Lows

January 8, 2008 (MARKET ORACLE) — Export sales of U.S. wheat are ‘beginning to look like panic buying’ according to some commentators. Overseas buyers are purchasing grain, anticipating the U.S. will run out of wheat. Analysts claim this may happen in the market for hard red winter and white wheat. Wheat exports ‘simply can not be sustained at current levels’ according to agricultural experts. ‘Either price will have to increase more to ration the remaining supply or, as was rumored in grain markets this week, the U.S. government will step in’. Full Report