Wheat Commodities Project Jim and Jim
description
Transcript of Wheat Commodities Project Jim and Jim
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/>.