Wheat
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Transcript of Wheat
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Wheat
Jimmy Pang (Supah Drum Bum)Jim Tseng (Funky Chunk Bassmang)
IT’S THE JIM TEAM
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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
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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
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Industry Groups/ Trade Agreements
• IWA (International Wheat Agreement) of 1949
• International Grains Arrangement of 1967– Wheat Trade
Convention
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Speculators
• Speculators take part in market
• Surge in prices = increased activity of speculators– Market
Opportunities
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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/>.