Well fellow frugal friends and ants don't panic, but be wise. Wheat is rising as we speak. Panic no..... but stock upget some for a good price you will need. It doesn't hurt to be wise, shop frugally and be ahead of the curve. A penny saved is a penny earned.
Bloomberg:
U.S. Commodities: Grains Rise as Food Protests in Africa Mount
By Jeff Wilson and Whitney McFerron - Jan 26, 2011 5:15 PM CT
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Wheat rose, capping the longest rally since November 2009, while corn and soybeans climbed as countries increase purchases from the U.S., the world’s biggest exporter, to cut food inflation and quell civil unrest.
Food-exporting countries are “strongly advised” not to restrict shipments to prevent “more uncertainty and disruption” in world markets, the United Nations said. Governments in Egypt, Algeria, Morocco and Yemen have faced protests amid rising costs and high unemployment, and a revolt toppled Tunisia’s leader.
“Sovereign nations are beginning to stockpile food to prevent unrest, and that will help to boost demand for U.S. grains,” said Jim Gerlach, the president of A/C Trading Inc. in Fowler, Indiana. “You artificially stimulate much higher demand when nations start to increase stockpiles.”
In other markets, hog futures surged to the highest in more than 14 years as prospects improved for U.S. pork exports to Asia. Sugar jumped more than 4 percent. The UBS Bloomberg Constant Maturity Commodity Index advanced 1.7 percent, the most this month, to 1,661.31.
Wheat futures for March delivery rose 18.25 cents, or 2.2 percent, to $8.565 a bushel on the Chicago Board of Trade, capping a seven-day advance of 11 percent. Earlier, the price r
U.S. Commodities: Grains Rise as Food Protests in Africa Mount - Bloomberg