The Wheat market
The wheat market has been pushed higher because of agricultural, financial and energy issues.
The poor wheat harvests in Australia, parts of Europe and the U.S. have caused China and other Asian countries to buy up more American crops, being aware that the US dollar is weak. The American crop is shrinking because of federal incentives to grow corn for ethanol. And skyrocketing gas prices makes it costlier to get any wheat to market and to supply feed grains for livestock.
"God help us, provide our needs."
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05-10-2008, 05:48 PM
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