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 S1 S2 D1 S1 S2 D1

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. Finch, Julia. “Speculators buy up drought-hit wheat crops to earn their daily bread | Business | The Guardian.” Business 2 Nov 2008. 2 Nov 2008. Guitierrez, David. “Global growing problem of wheat production - Telegraph.” Natural News 28 Aug 2007. 2 Nov 2008. “International Grains Council.” Grains Trade and Food Security Cooperation 2007. 2 Nov 2008. Usset, Ed. “Wheat Explodes! | Wheat market challenges and possibilities in market today.” Corn and Soybean Digest. 2 Nov 2008.