wheat from the Black Sea

[eatmorewheat]

Russia and the Ukraine are once again on the rise.

High oil prices, high wheat prices

Russia now #2 global oil producer
Profits from oil invested in agriculture
= revolution in wheat production and exports
high wheat prices today = more wheat competition tomorrow

food for thought

[charliep]

I agree. Subsidies in the US and EU are not our biggest threats in the next 5 to 10 years. Increased grain production in low cost producers like Eastern Europe/Former Soviet Union and South America are our biggest new competition.