Archive for March 18th, 2011

As we address the price of grains and their impact on food prices in 2011, it is important to look at what transpired from 2010 to date.

From January to July 2010, the price of wheat traded relatively flat on the world wheat market. However, prices began an upward climb from August 2010 as a direct result of drought conditions in Russia (see FOB Gulf price chart). With a reduction in their wheat crop by 34%, all exports out of Russia ...