Why is wheat so high priced? - The Firearms Forum

keepitlow · 03-02-2010, 10:41 AM

Wheat skyrocketed to $12 to $24 per bushel depending on the variety a few years ago. But wheat prices have since come back down to earth on the spot market.

http://www.chartsrus.com/chart2.php?...ots4cncnrw.php

http://www.silverbearcafe.com/private/2.08/wheat.html

As of today, one 60 pound bushel of wheat cost $5.25, so the cost per pound is about 8.75 cents. OK, this is the price per bushel for large contracts on the commodity exchange. But even then, should a 50 pound sack of wheat jump from a pro rata $4.38 for 50 pounds up to $32 to $55 for 50 pounds as many bulk sellers retail the wheat for? That is a HUGE, HUGE markup. Bottom line...wheat jumps from .0875 cents per pound up to .64 cents to $1.10 per pound.

http://www.quotewheat.com/

http://www.unc.edu/~rowlett/units/scales/bushels.html

I can buy decent stone ground whole wheat for less than it cost to buy grain and grind it myself. But we have to remember this was how it was with many poor countries that the World Bank has taken under its thumb.

Haiti for example. They used to be totally self sufficient rice producers then the US imports subsidized rice and their farms can't compete so go bust. They lose all rice production abilities and now are dependent on the US for its rice. Almost same scenario with Jamaica and their milk production.

http://www1.american.edu/TED/haitirice.htm

http://www.lifeanddebt.org/

Anyway, what is your take on all this? Is all this markup due to the trendy survivalists craze for wheat? Or are wheat dealers just trying to get in on the Wall Street / Big Bankers greed wagon?

Thanks

glocknut · 03-03-2010, 12:21 AM

I dont know for sure but i believe there are globalists that are running everything and all of the weird things going on are done by them to make them money.

Mike
Gn

petesusn · 03-03-2010, 08:23 AM

Quote:

Originally Posted by glocknut

I dont know for sure but i believe there are globalists that are running everything and all of the weird things going on are done by them to make them money.

Mike
Gn

You may just be right with your statement Mike. And it's not just about wheat. There are many other commodities involved.

03-02-2010, 10:41 AM	#1
keepitlow V.I.P. Member Join Date: Oct 2009 Location: US Posts: 164	Why is wheat so high priced? Wheat skyrocketed to $12 to $24 per bushel depending on the variety a few years ago. But wheat prices have since come back down to earth on the spot market. http://www.chartsrus.com/chart2.php?...ots4cncnrw.php http://www.silverbearcafe.com/private/2.08/wheat.html As of today, one 60 pound bushel of wheat cost $5.25, so the cost per pound is about 8.75 cents. OK, this is the price per bushel for large contracts on the commodity exchange. But even then, should a 50 pound sack of wheat jump from a pro rata $4.38 for 50 pounds up to $32 to $55 for 50 pounds as many bulk sellers retail the wheat for? That is a HUGE, HUGE markup. Bottom line...wheat jumps from .0875 cents per pound up to .64 cents to $1.10 per pound. http://www.quotewheat.com/ http://www.unc.edu/~rowlett/units/scales/bushels.html I can buy decent stone ground whole wheat for less than it cost to buy grain and grind it myself. But we have to remember this was how it was with many poor countries that the World Bank has taken under its thumb. Haiti for example. They used to be totally self sufficient rice producers then the US imports subsidized rice and their farms can't compete so go bust. They lose all rice production abilities and now are dependent on the US for its rice. Almost same scenario with Jamaica and their milk production. http://www1.american.edu/TED/haitirice.htm http://www.lifeanddebt.org/ Anyway, what is your take on all this? Is all this markup due to the trendy survivalists craze for wheat? Or are wheat dealers just trying to get in on the Wall Street / Big Bankers greed wagon? Thanks -->

03-03-2010, 12:21 AM	#2
glocknut Advanced Senior Member Join Date: Dec 2003 Location: THE FORUM MASCOTT... Posts: 12,482	Re: Why is wheat so high priced? I dont know for sure but i believe there are globalists that are running everything and all of the weird things going on are done by them to make them money. Mike Gn __________________ Where O where are you tonight? Why have you gone and left me alone? I searched to world over and a thought i found true love... You met another and PTThhh you were gone....