calderhome@yahoo.com wrote:
> Many bakeries in the USA are going out of business because they cannot
> afford to buy flour at today's high prices. Too many wheat farmers
> have switched to growing corn for ethanol. By May US wheat supplies
> will be lower than any time since 1948.
Funny thing about that. The USDA thinks wheat plantings were up
last year. http://tinyurl.com/2aymkd
A lot of wheat ground went into the Conservation Reserve Program
according to this: http://tinyurl.com/3aen2r
One more thing to think about. A bushel of wheat can make about 70
loaves of white bread and 95 loaves of wheat bread. That puts the
value of the wheat in a loaf at under 30ยข even with wheat at $20/bushel.
Wheat is back at around $11/bushel, I think. http://tinyurl.com/2d2k64
Dean
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