As if it were intentionally trying to embarrass the government, wheat prices hit an 11-year high yesterday.
"The world is approaching quite a precarious situation as far as global agriculture is concerned,” commented the Financial Times’ Gavin Macquairie. “Demand for all agricultural staples has been rising consistently due to global economic and population growth and developments in the food-for-fuel sector."
“Low grain stocks across the board mean two things,” continues Chris. “Higher prices and more aggressive planting.” Demand for things like fertilizer, agricultural equipment, diesel are going up.
"The world is approaching quite a precarious situation as far as global agriculture is concerned,” commented the Financial Times’ Gavin Macquairie. “Demand for all agricultural staples has been rising consistently due to global economic and population growth and developments in the food-for-fuel sector."
“Low grain stocks across the board mean two things,” continues Chris. “Higher prices and more aggressive planting.” Demand for things like fertilizer, agricultural equipment, diesel are going up.
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