Wednesday, March 2, 2011

Wheat Price Concern

Hello Followers,

I want to keep you up-to-date with recent news and events within the industry and how it will affect us here at WheatFields Bakery.  Recently, there has been a lot of news floating around about the drought in China and what all might be affected. 

From what I have read there is still quite a bit of info not released, and this is because the agricultural production and reserves are state secrets. (http://www.nytimes.com/2011/02/09/business/global/09food.html?pagewanted=1&_r=1&hp)

There is a ton of important information in this article linked above, and I am pretty sure The New York Times has much better writers than myself, so I would direct you to dive into that article and educate yourself.  It looks like unless there is rain, this drought will affect our wheat prices considerably.  So stay tuned and keep an eye on the market, because it will affect us all. 

See you soon,

Josh