Gaining basic understanding of the drivers of price moves in markets like wheat, rice and coarse grains requires a basic look at determinants that measure price effects like the relation of production to demand.
The latest forecast of world trade in wheat and flour by the International Grains Council places likely U.S. exports at 24 million tonnes while Russia is forecast to ship 23.1 million.
The temptation is great to compare the simple label trend to the restoration of antiques where added fabrics, paints or varnishes, even nails and tacks, meant to modernize a piece are removed in order to approach the original concept.