Wheat - Daily Price - Commodity Prices - Price Charts, Data, and News - IndexMundi
Chart below is from there more or less.
It seems we are having good harvests globally bar some drought induced conditions in the U.S. and recovering pockets from drought elsewhere.
What seems odd (we are in the harvest seasons btw from June through Sep on various major crops)
is that the prices are not falling. The demand just soaks up everything.
http://www.bloomberg.com/news/2013-04-08/china-buys-1-million-tons-u-s-wheat-after-global-price-drops.html
Somewhere there are shortages... Now Syria is obvious due to the war and prior drought loss of planted acreage and whatnot. Iran also is recovering from the drought. India is in a similar position actually.
Was wondering people what your perspective is on the ground how much things used to cost and how much they are now. What people are doing to change or their habits etc...
I ll chime in on my thoughts how it brings things 'round to geopolitics eventually. But the micro cycle from internal re-distribution is interesting. Ergo supply chain failures and bankruptcies by distributors would be telling of a major aspect, such as consumer demand not eating the pass through of costs fast enough. etc...
Chart below is from there more or less.
It seems we are having good harvests globally bar some drought induced conditions in the U.S. and recovering pockets from drought elsewhere.
What seems odd (we are in the harvest seasons btw from June through Sep on various major crops)
is that the prices are not falling. The demand just soaks up everything.
http://www.bloomberg.com/news/2013-04-08/china-buys-1-million-tons-u-s-wheat-after-global-price-drops.html
Somewhere there are shortages... Now Syria is obvious due to the war and prior drought loss of planted acreage and whatnot. Iran also is recovering from the drought. India is in a similar position actually.
Was wondering people what your perspective is on the ground how much things used to cost and how much they are now. What people are doing to change or their habits etc...
I ll chime in on my thoughts how it brings things 'round to geopolitics eventually. But the micro cycle from internal re-distribution is interesting. Ergo supply chain failures and bankruptcies by distributors would be telling of a major aspect, such as consumer demand not eating the pass through of costs fast enough. etc...
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