Post by rebecca on Feb 23, 2008 19:31:11 GMT -5
I just saw this article Greg, posted on sermon index:
Wheat prices rise, shattering records as fear of shortage looms
MINNEAPOLIS (AP) - Spring wheat prices have been on the rise all winter -- smashing previous records.
At the Minneapolis Grain Exchange, trading rose to $19.80 a bushel yesterday -- nearly triple the record from 1996. Trading closed at $19.35 a bushel.
Grain experts say the wild increases are due to a fear that grain supplies won't keep up with rising demand. Poor wheat crops worldwide have left wheat supplies at a 60-year low.
The impact of that shortage has fueled a wave of uncertainty about everything from food price inflation to possible hunger in the developing world.
For decades, agriculture's great problem has been surplus, not scarcity. And farmers have faced low prices while consumers benefited.
Experts say this week's action in Minneapolis previews a different sort of marketplace.
read more: wkbt.com/Global/story.asp?S=7882512
I was just talking to someone at work about the gas prices in our area. Gas here in Florida could go upwards to $3.80 a gallon. I remember not long ago the truck drivers were complaining about the fact that they could not afford to haul consumer goods and make a good profit at those prices which would mean the price of food will go up. Alot of truck drivers have to pay for their own gas.
Rev. 6:6
And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
I believe it's possible we are already in Revelation 6. I also believe the white horse could be the White House.
Wheat prices rise, shattering records as fear of shortage looms
MINNEAPOLIS (AP) - Spring wheat prices have been on the rise all winter -- smashing previous records.
At the Minneapolis Grain Exchange, trading rose to $19.80 a bushel yesterday -- nearly triple the record from 1996. Trading closed at $19.35 a bushel.
Grain experts say the wild increases are due to a fear that grain supplies won't keep up with rising demand. Poor wheat crops worldwide have left wheat supplies at a 60-year low.
The impact of that shortage has fueled a wave of uncertainty about everything from food price inflation to possible hunger in the developing world.
For decades, agriculture's great problem has been surplus, not scarcity. And farmers have faced low prices while consumers benefited.
Experts say this week's action in Minneapolis previews a different sort of marketplace.
read more: wkbt.com/Global/story.asp?S=7882512
I was just talking to someone at work about the gas prices in our area. Gas here in Florida could go upwards to $3.80 a gallon. I remember not long ago the truck drivers were complaining about the fact that they could not afford to haul consumer goods and make a good profit at those prices which would mean the price of food will go up. Alot of truck drivers have to pay for their own gas.
Rev. 6:6
And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
I believe it's possible we are already in Revelation 6. I also believe the white horse could be the White House.