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AR15.COM
3/6/2008 2:24:42 PM EDT
Now I'm no commodity expert or anything - but this looks bad for the grocery bill - wheat prices in the last couple years.

3/6/2008 6:55:11 PM EDT
[#1]
No comments..??
3/6/2008 6:55:57 PM EDT
[#2]
food is too cheap anyway, considering the obesity rates in the US
3/6/2008 6:57:41 PM EDT
[#3]
It isn't the price of wheat so much as it is the dollar.

Our economy is sustained by a currency with no real value.  Inflation is inevitable.

It is the dollar that is bad for the grocery bill.
3/6/2008 7:00:11 PM EDT
[#4]
Track the barley and hops price charts, and I'll be more interested. Beeeeeeeer.
3/6/2008 7:02:02 PM EDT
[#5]
Peak wheat?
3/6/2008 7:03:56 PM EDT
[#6]
Can you back that chart up to start about 1960?
3/6/2008 7:05:04 PM EDT
[#7]
Gotta subsidize that ethanol, baby!  Go bankrupting America, go!
3/6/2008 7:07:29 PM EDT
[#8]
Doesn't go back far enough.

The problem, in all likelihood, goes back to 1942 with Wickard v. Filburn.
3/6/2008 7:10:51 PM EDT
[#9]
It will make very little difference in the grocery bill.  Dollar tanks, price goes up...nothing new here.
3/6/2008 7:12:21 PM EDT
[#10]
This closely tracks numbers of documents classified:



Coincidence?
3/6/2008 9:32:32 PM EDT
[#11]
Pasta has doubled!
3/6/2008 9:38:13 PM EDT
[#12]

Quoted:
This closely tracks numbers of documents classified:

www.theatlantic.com/images/issues/200709/win.jpg

Coincidence?


Oh yeah, I totally see the connection between that and the price of tea in China.
3/6/2008 9:40:09 PM EDT
[#13]

Quoted:
Pasta has doubled!


No kidding. No more Barilla thin spaghetti for .99 a lb. What is the world coming to?

Today I bought non-organic milk and eggs because I can't spend $10/gallon and $5 dozen anymore. Why? Because the toll on my daily commute just went up to 8 bucks from 5. Just like that. What kind of city can raise a bridge toll from 5 to 8 bucks and not incur a massive protest? Oh. NYC. Supposedly it's to "rebuild that building at ground zero", but I'll believe it when I see it. 8 bucks. I used to drive into the city for indian food on a whim. No more.

But back to wheat. Thankfully Whole Foods hasn't raised their already confiscatory prices for their amazing breads.
3/6/2008 9:42:03 PM EDT
[#14]
A more interesting question, considering soon-to-be $4 diesel, $560/T urea, and increased costs of other inputs - what is the breakeven price of wheat?
3/7/2008 11:38:37 AM EDT
[#15]
One good bumper crop and wheat is back to cheap.  Unfortunately with the current global cooling problem we face droughts world-wide this summer.  
3/7/2008 2:36:01 PM EDT
[#16]
Anyone find a 5 or 10 or 20 year chart for the price of wheat?