[Sca-cooks] Current farm prices and affects on feast budgeting

Nick Sasso grizly at mindspring.com
Sat Feb 16 08:05:59 PST 2008

-----Original Message-----
In the case of wheat, there have been weather problems with a number of the
major producing areas in the past year reducing the quantity of available
wheat.  Since half of the U.S. crop is exported, the global market is
pushing the domestic rise in prices.  < < < SNIP> > >

Combined that with the increasing use of biofuels you mention and we
certainly get rising prices in the grain markets.  Toss in the speculation
that occurs when there are major price shifts and I would suggest we are in
for an interesting time at the grocery.  > > > > > > > >

One of the most devestating price indicators for grains and dairy products
seems to have been that it is a commodity traded publicly in the markets.
Prices wander up and down periodically (over a couple weeks or months)
simply due to trading trends.  Sure, there are marketplace pressures like
Cariadoc and Bear have menitoned.  Take a look at the commodity trading
prices for wheat and block cheese for the last 5 months, and you will see
lots of plain old trading fluxuations based on just the fact that people are
buying and selling futures contracts.

niccolo difrancesco
(wheat and dairy prices are hitting the pizza places HARD this winter)

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