2007Sept10ca: Wheat futures hit a record of $8.87 a bushel in Chicago trading. Wheat futures were trading at $3.95 a year ago. Bad weather and switch to corn production to take advantage of growing demand for ethanol are two factors of rising wheat prices (LA Times, 2007).
Reference: LA Times. 2007. http://www.latimes.com/wireless/avantgo/la-fi-wheat18sep18,0,2200800.story
Image Description: Wheat harvest on the Palouse. USDA image. Image Location: Wikimedia Commons. http://commons.wikimedia.org/wiki/Image:Wheat_harvest.jpg Image Permission: This image is a work of a United States Department of Agriculture employee, taken or made during the course of the person’s official duties. As a work of the U.S. federal government, the image is in the public domain.
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This post is tagged Advanced Economies and Climate Change, Agriculture and Climate Change, Agrofuels, Climate Change Effects, Corn Based Ethanol, Drought, Ethanol, Flooding, Food Supply and Climate Change, Heat Waves, North America and Climate Change, Precipitation, United States and Climate Change, Weather Extremes
