Commodities price chart dating to 1700

22-Jul-2019 19:27

The crop is one of the most important basic foodstuffs after maize, since it is required to produce bread. Despite its high demands, the grain can be cultivated in over 80 countries worldwide. The most important wheat product is flour, but wheat also plays an important role in the production of beer, whiskey and cooking oil.

Wheat is cultivated primarily in the USA, Russia, Canada, China and India.

After barley, wheat is the oldest known cereal crop, with finds dating back to the period between 78 B. Wheat did not gain its current importance until it spread to Asia, Europe and North Africa, however.

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Winter wheat accounts for the majority of annual production (75%).

The seed wheat used today is a hybrid of several different varieties of cereal and wild grass.

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