Wheat supply, demand and pricing trends

摘要

There are some compelling conclusions that can be drawn from the trends of the last 10-15 years. First, wheat production has risen due to an upward trend in average crop yield and increasing acreage in the first half of the 20th century. Second, wheat demand has also consistently risen in the past 10 years. Finally, the average price of wheat has risen as well, although there has been an interesting relationship between corn and wheat prices in the last year.