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3 thoughts on “Wheat’s Tidal Wave

  • June 22, 2008 at 8:41 am

    BTW, This was as of last Feb.

    Looks remarkably like all the other trend lines: corn, oats, rice, soy, oil of course, and soon America’s drug of choice, beer.

    Also, read recently that when crude prices rise, a small fraction is seen at the pump immediately. The remaining fraction takes from 4 to 6 months to ‘work through’ the ‘system’. In other words, crude may be $140 now but we are still paying for $100 oil at the pump. I’d wager this is also the case in regard to food commodities – and EVERYTHING else dug -up, manufactured and shipped with oil. Good-bye “service economy” – a good riddance.

  • June 23, 2008 at 6:11 pm

    The right side of the graph is cut off as I see it, so I’m assuming each step upward from the horizontal axis represents an increment of about $2.50. Is this a correct assumption?

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