AGCO CEO says he expects grain shortage to last into next year.

$AGCO Corp(AGCO.US)$
Global grain shortages will likely last through the end of this year and into next year, AGCO Corp CEO Eric Hansotia told CNBC’s Jim Cramer on Monday.

“There’s just not enough grain in the world, and there won’t be for the rest of this year and probably even into next year,”