Wheat Commodities Project Denise and Moly
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Transcript of Wheat Commodities Project Denise and Moly
Wheat MarketMoly Fang & Denise Chung
Background
• Goods made from wheat– Pasta, cereal, bread, cake, wine,
food for animals• Measured in MMT, million metric
tons
• Mostly produced by small farmers
• Companies would process and make it into finer products
• Traded at the Minneapolis Grain Exchange, U.S.
Background
• And other smaller markets all over the world
* U.S., Canada, Australia, Argentina, and EU-27
Wheat Production
• China is a major wheat producer• Henan, Shandong and Hebei produce more
than 50 percent of the national crop
Price History
What causes the price to rise?
Factors that affect the Global Wheat Market in
08/09
1. Low in stock2. Favorable weather3. Global demand increases
Interveners
Regulations or Policies• International Grain Agreement
Price band on WheatInfluence of Quota on Wheat
Regulations or Policies• Peru Trade Promotion Agreement
Influence of tariff elimination
Bibliography• "Climate Investing:Wheat goes parabolic:"Highest Price in US history"."
Investing Climate. 28 Oct 2008 <http://climateerinvest.blogspot.com/2008/02/wheat-goes-parabolic-highest-price-in.html>
• "National Association of Wheat Growers". National Association of Wheat Growers. 28 Oct 2008
• <http://www.wheatworld.org/index.cfm>• "U.S, Wheat Associates". U.S, Wheat Associates. 28 Oct 2008
<http://www.uswheat.org/>• MGEX - Minneapolis Grain Exchange. Minneapolis Grain Exchange. 29 Oct. 2008
<http://www.mgex.com/index.cfm>• "China." Wikipedia. 29 Oct 2008 <http://zh.wikipedia.org/wiki/%E5%B0%8F
%E9%BA%A6>• "Home Page". International Wheat Organization. 29 Oct 2008
<http://www.igc.org.uk/en/aboutus/default.aspx>
Bibliography• “United States Department of Agriculture-Home”. United States Department of
Agriculture. 31 Oct 2008<http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB?navtype=MA&navid=HOME>
• "U,S,-Peru Trade Promotion Agreement FAS factsheets." USDA Foreign Agricultural Service(FAS). United States Department of Agriculture. 31 Oct 2008 <http://www.fas.usda.gov/info/factsheets/peru.asp#Wheat_and_Barley>
• "Wheat." Corbis. 2 Nov 2008 <http://pro.corbis.com>