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• 1949-1978: 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

S2D1

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 2008

<http://www.indiancommodity.com/Gen/wheat.htm>.• Finch, Julia. “Speculators buy up drought-hit wheat crops to earn their daily

bread | Business | The Guardian.” Business 2 Nov 2008. 2 Nov 2008 <http://www.guardian.co.uk/business/2006/oct/28/5>.

• Guitierrez, David. “Global growing problem of wheat production - Telegraph.” Natural News 28 Aug 2007. 2 Nov 2008 <http://www.telegraph.co.uk/finance/economics/2815170/Global-growing-problem-of-wheat-production.html>.

• “International Grains Council.” Grains Trade and Food Security Cooperation 2007. 2 Nov 2008 <http://www.igc.org.uk/en/aboutus/default.aspx>.

• Usset, Ed. “Wheat Explodes! | Wheat market challenges and possibilities in market today.” Corn and Soybean Digest. 2 Nov 2008 <http://cornandsoybeandigest.com/marketing/wheat-explodes-0301/>.