In the long view, recent grain price volatility is not anomalous. Wheat, rice, and maize are highly substitutable in … the global market for calories, and when aggregate stocks decline to minimal feasible levels, prices become highly …-ambitious plans manipulate world prices via buffer stocks or naked short speculation to keep prices consistent with fundamentals. Past …

In the long view, recent volatility of prices of the major grains is not anomalous. Wheat, rice, and maize are highly … substitutable in the global market for calories, and when aggregate stocks decline to minimal feasible levels, prices become highly … biofuels demand boosts in reaction to high petroleum prices, the Australian drought, and other regional grain production …

, resulting in a production shock, higher grain prices and a severe food crisis. Whereas a drought in 2000 resulted in lower per … had led to a market failure during the crisis. Using a dataset that combines information on prices, transaction costs … spatial impact of drought and magnitude of production at the sub-regional level, as well as monitor prices in key forecasting …

In the long view, recent grain price volatility is not anomalous. Wheat, rice, and maize are highly substitutable in … the global market for calories, and when aggregate stocks decline to minimal feasible levels, prices become highly …-ambitious plans manipulate world prices via buffer stocks or naked short speculation to keep prices consistent with fundamentals. Past …