Commodity Investing – Maximizing Returns Through Fundamental Analysis : [PDF Download]

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“Worldwide production of wheat has begun to take a back seat to production of corn and soybeans. Figure 9.1 shows that in terms of worldwide area harvested, wheat still dominates but over the last decade its area harvested has declined by more than 7 percent.

During this same time the area harvested for corn has increased over 7 percent and soybeans area harvested has increased over 36 percent. In addition, the physical quantity of corn produced worldwide has exceeded that of wheat each year since the 1998–1999 marketing year.

Wheat production has lost its luster as demand for corn and soybeans has increased at a faster pace than demand for wheat. In addition, declining returns relative to other crops have helped entice farmers to switch away from planting wheat.”

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