Monday 9 August 2010
What Wheat Panic?
Now this is bad for Russia and I don't blame them. However, the world is a balanced place and you can also find that there are bumper wheat crops in the USA and China. None of this has stopped the price of wheat from doubling in a month and tabloids running scare stories of how a loaf of bread might soon cost the same a gold ring etc.
Times like this are marvellous trading opportunities, the story will run its course and the price of wheat will come down. Handily, you can if you want speculate on this (and feel morally virtuous, after all you are betting that food will become cheap, not expensive) in an ISA with a SWEA.L etf. I'll update on where it gets to by the end of the month.