Monday, April 28, 2008

Rising food prices?

The price of wheat has been dropping steadily since reaching an historical high a few months ago.
As the price falls you can expect investors and farmers to keep selling for fear of being stuck with an even lower price.
I predict that all this selling will force prices up again once people realize "hey, now there's even less reserves and this years harvest has already been sold".

Just thought I should put that up here. If you buy wheat for any reason (I brew for instance), buy it now. If you're a seller, hold onto it.

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