Cindy S.
September 12th, 2007, 10:27 AM
http://www.bloomberg.com/apps/news?pid=20601012&sid=aOhf0tjZ4kc4&refer=commodities
``Production is down and demand is up,'' said Jason Britt, an analyst at Central States Commodities in Kansas City, Missouri, explaining why wheat has more than doubled in the past year. ``There have been a lot of crop problems for exporters,'' he said.
Wheat futures in Chicago have more than doubled in the past year. Most-active futures have surged as global consumption exceeded production for the seventh time in eight years.
``Production is down and demand is up,'' said Jason Britt, an analyst at Central States Commodities in Kansas City, Missouri, explaining why wheat has more than doubled in the past year. ``There have been a lot of crop problems for exporters,'' he said.
Wheat futures in Chicago have more than doubled in the past year. Most-active futures have surged as global consumption exceeded production for the seventh time in eight years.