Wheat Jimmy Pang (Supah Drum Bum) Jim Tseng (Funky Chunk Bassmang) IT’S THE JIM TEAM
History and Production Appearance of Domesticated Wheat = undetermined China, India, United States, Russia, Australia and France = Major Wheat Producers – Small Farmers Global Market – Minneapolis Grain Exchange. Staple food
Product Pricing : production increased 3.3% per year New Production methods = great importance to keep up – Technology increase = higher production 1980s: Production declines and prices spike – Environmental factors Prices are still rising today S1 S2 D1 S1 S2 D1
Industry Groups/ Trade Agreements IWA (International Wheat Agreement) of 1949 International Grains Arrangement of 1967 – Wheat Trade Convention
Speculators Speculators take part in market Surge in prices = increased activity of speculators – Market Opportunities
Bibliography Akshay, Bector, and Karan Thapar. “WHEAT.” Wheat. 2 Nov Finch, Julia. “Speculators buy up drought-hit wheat crops to earn their daily bread | Business | The Guardian.” Business 2 Nov Nov Guitierrez, David. “Global growing problem of wheat production - Telegraph.” Natural News 28 Aug Nov “International Grains Council.” Grains Trade and Food Security Cooperation Nov Usset, Ed. “Wheat Explodes! | Wheat market challenges and possibilities in market today.” Corn and Soybean Digest. 2 Nov 2008.