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The international market price of wheat doubled from February 2007 to February 2008 hitting a record high of over US$10 a bushel. [92] Rice prices also reached ten-year highs. In some nations, milk and meat prices more than doubled, while soy (which hit a 34-year high price in December 2007 [93]) and maize prices have increased dramatically.
A map of worldwide wheat production in 2000 Wheat is one of the most widely produced primary crops in the world. The following international wheat production statistics come from the Food and Agriculture Organization figures from FAOSTAT database, older from International Grains Council figures from the report "Grain Market Report".
A remarkable run-up in prices of wheat, corn, oilseeds, rice, and dairy products, along with sharply higher energy prices, have been blamed on supply shortfalls, strong demand for bio-fuels, and an inflow of $150 billion from investment funds. From a year ago, Chicago wheat futures have soared +120%, corn +20%, and soybeans are +80% higher.
Under the Wilson administration during World War I, the U.S. Food Administration, under the direction of Herbert Hoover, set a basic price of $2.20 per bushel. The end of the war led to "the closing of the bonanza export markets and the fall of sky-high farm prices", and wheat prices fell from more than $2.20 per bushel in 1919 to $1.01 in 1921 ...
A new genomic study, analyzing 827 varieties of wheat collected nearly a century ago, discovered a “goldmine” of genetic diversity that could help safeguard the crop well into the future.
After 1955 however, there was a ten-fold increase in the rate of wheat yield improvement per year, and this became the major factor allowing global wheat production to increase. Thus technological innovation and scientific crop management with synthetic nitrogen fertilizer , irrigation and wheat breeding were the main drivers of wheat output ...
DRESDEN − Local corn and soybean farmer Jared Cox was recently one of 10 Ohio farmers selected to attend the recent Corn & Wheat Emerging Leader Summit in Columbus. “(They) reached out to me ...
CDC data from previous years for the same December week show a maximum of 65 outbreaks reported. Cases of norovirus appear to be on the rise in various parts of the U.S., according to data from ...