SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Farming -- Ignore unavailable to you. Want to Upgrade?


To: gcrispin who wrote (259)8/24/2007 9:55:51 AM
From: Jon Koplik  Read Replies (3) | Respond to of 4443
 
Wheat $5.00 >>> $7.50 means loaf of bread up 2 cents (actually -- 2.5 cents) .......................

I am basing this off of something I heard on CNBC a few months ago.

A CBOT floor trader commented that all of this talk about higher food prices / grains "going through the roof" / etc. is just plain ridiculous.

(I agree whole-heartedly).

He said that there is (was) about 5 cents worth of wheat in one loaf of bread (at that time).

Jon.