[Sca-cooks] Cost of wheat

[Nick Sasso]

-----Original Message-----

In MO the "grain" used is soybean for biofuel. > > > > > >


Then more MO wheat acrage will be converted to soybean acrage to capitalize
on soybean profitability.  Same impact carries through.  Soybean animal
feeds will increase in price and drive up cost of soybean oils, meats, dairy
products, etc.

Low grade Soybean oil has gone from retail $13 per 35lb jug up to $23 in one
year.  Corn is not the only crop being affected by marketplace pressures in
the United States and abroad.  Processed goods using soybean oils will be
climbing up in price as well.  Tofu will be impacted for those vegetarians
out there thinking they will dodge the bullet, as will edamame, hoisin
sauce, soy sauce, teriyaki, etc.

niccolo difrancesco