Eliminating misconceptions behind price changes

Over the past year, challenges in the world food supply have seen huge spikes in the costs of key ingredients such as corn, wheat, dairy, etc. Early 2008 has seen, ”an all-time high [for wheat prices] of US$18.53 a bushel, — corn climbed to $5.37 a bushel — more than double the average price before 2007.”1 Many factors are leading financial analysts to forecast, “agricultural commodities prices will remain high for months, if not years to come.”