Record Worldwide Grain Harvest

The key food grains to watch for most of the world are rice and wheat. In the developed world where meats are heavily consumed, corn prices have a greater impact. In the U.S., corn may bid acres away from soybeans but typically not from rice or wheat. High wheat prices in fact mean that much of the U.S. acreage planted to wheat will not be grazed by cattle but harvested for grain.

Grain Harvest Sets Record, But Supplies Still Tight

Worldwatch Institute – December 12, 2007 – 7:38pm

The 2007 grain harvest hit a record 2.3 billion tons, yet voracious global demand has pushed cereal stocks to 30-year lows.

Despite growing harvests, several factors are actually decreasing the amount of grain available per person as...(complete article here).