Oil, food and water - China and India in particular will drive the depletion of grain stocks. They have serious water issues and the best way to manage that for them is to strip agriculture of irrigation water and effectively import water credits by buying grain. Everyone is watching oil at the moment. The main game is food as global stocks are depleting faster than we can build them. 75 million new mouths a year and now every service station in the world looking to bite out of the grain/sugar pie.
