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Global Grain Inventories Lowest in 26 Years- Wheat Continues to Set Record Highs on the Commodities Market

Submitted by c. hansen on Thu, 2007-08-30 15:56.

I listen to many conversations about: "What will it take for people to
WAKE UP and begin to make some good choices regarding their roles as consumers
and about their interaction with the environment. I often here the response:
"When people begin to get hungry then they will start to act." --Must
we wait until then??

August 30, 2007: Wheat Rises to Record, Extending Rally, on Strong Global Demand
By Tony C. Dreibus

"Overseas orders for U.S.
wheat from June 1 through Aug. 23 are up 95 percent, and prices have almost
doubled in the past year."

"The U.S. and the
Russians are the only ones that have any wheat and there's not going to be any
more'' until growers in Argentina
and Australia
start harvesting, Pfitzenmaier said. ``Obviously, $7.50 isn't enough to choke
off demand.''

Read the full story here.



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