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Wheat

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

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Wheat

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  1. Wheat Jimmy Pang (Supah Drum Bum) Jim Tseng (Funky Chunk Bassmang) IT’S THE JIM TEAM

  2. 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

  3. 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 D1 S1 S2 S2 D1 S1

  4. Industry Groups/ Trade Agreements • IWA (International Wheat Agreement) of 1949 • International Grains Arrangement of 1967 • Wheat Trade Convention

  5. Speculators • Speculators take part in market • Surge in prices = increased activity of speculators • Market Opportunities

  6. 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/>.

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