Sunday, March 30, 2008

Rising cost fo Wheat.

Has anybody seen the buzz about the cost of wheat on the Internet? It has tripled price for a 50# bag of flour in about a months time. This means the price of bread, pizza, and pasta will be going up. The US food stores is at a 60 year low. This is due to droughts in Australia, New Zealand, Africa, Asia, and the US. The US dollar is very weak against the EURO and other currencies. This has caused an increase in foreign nation to place future orders on 2 Million Metric tons of wheat from the US market. This is an increase of 10 times last years purchases. If the food stores in this country is at a 60 year low, then why does the Federal Government just sit back and watch it leave the country at record volume. Not to mention that our soy and corn crops are doing the same thing at record volume, leaving the country. So get prepared for high price spikes at the grocery stores, bakeries, and pizza places. This spells tough times ahead for Americans as we slide deeper into Recession, which I think is not far away from another Depression.

1 comment:

ELLE said...

HMMMMM
interesting
isn't wheat in like everything
does that mean everything is going up
thats lame
&hearts