Financial Times FT.com

Cargill expects US grain volatility to persist

By Hal Weitzman in Chicago

Published: August 19 2008 19:21 | Last updated: August 19 2008 19:21

Cargill, the US agribusiness conglomerate, said on Tuesday it expected US grain prices to remain volatile for the coming year, prompting more food companies to expand their hedging activities to protect themselves from price rises.

“The volatility’s certainly going to continue,” David McLennan, chief financial officer, told the Financial Times.

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