Abstract. The world grain market is experiencing some of the most dramatic changes in numerous relationships which are having major impacts of durum supplies, prices and risks. This presentation reviews some of these factors and how they are impacting supplies, prices and risks. Some of these are longer-term phenomena caused in part by bio-fuels, and competing demands for area planted, and therefore are expected to be long-lived. Others are shorter term. Measures of risk are provided alo273
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