Wheat Commodities Project Jim and Jim

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Wheat Commodities Project

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Wheat Commodities Project Jim and Jim

  1. 1. Wheat Jimmy Pang (Supah Drum Bum) Jim Tseng (Funky Chunk Bassmang) IT’S THE JIM TEAM
  2. 2. History and Production <ul><li>Appearance of Domesticated Wheat = undetermined </li></ul><ul><li>China, India, United States, Russia, Australia and France = Major Wheat Producers </li></ul><ul><ul><li>Small Farmers </li></ul></ul><ul><li>Global Market </li></ul><ul><ul><li>Minneapolis Grain Exchange. </li></ul></ul><ul><li>Staple food </li></ul>
  3. 3. Product Pricing <ul><li>1949-1978: production increased 3.3% per year </li></ul><ul><li>New Production methods = great importance to keep up </li></ul><ul><ul><li>Technology increase = higher production </li></ul></ul><ul><li>1980s: Production declines and prices spike </li></ul><ul><ul><li>Environmental factors </li></ul></ul><ul><li>Prices are still rising today </li></ul>S1 S2 D1 S1 S2 D1
  4. 4. Industry Groups/ Trade Agreements <ul><li>IWA (International Wheat Agreement) of 1949 </li></ul><ul><li>International Grains Arrangement of 1967 </li></ul><ul><ul><li>Wheat Trade Convention </li></ul></ul>
  5. 5. Speculators <ul><li>Speculators take part in market </li></ul><ul><li>Surge in prices = increased activity of speculators </li></ul><ul><ul><li>Market Opportunities </li></ul></ul>
  6. 6. Bibliography <ul><li>Akshay, Bector, and Karan Thapar. “WHEAT.” Wheat . 2 Nov 2008 <http://www.indiancommodity.com/Gen/wheat.htm>. </li></ul><ul><li>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>. </li></ul><ul><li>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>. </li></ul><ul><li>“ International Grains Council.” Grains Trade and Food Security Cooperation 2007. 2 Nov 2008 <http://www.igc.org.uk/en/aboutus/default.aspx>. </li></ul><ul><li>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/>. </li></ul>

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