ABSTRACT
The price of wheat is normally determined by the world conditions of supply and demand which pertain to bread stuffs. The control exercised over price by these conditions is immediate and transient. If the price of wheat falls so low that its production becomes unprofitable there will be a tendency for capital to become engaged in the production of other crops which yield a larger return. The value of wheat to the consumer must on an average be high enough to cover the cost of production and the expense of distribution. Communication and transportation become an important factor in the price of wheat wherever the market has developed beyond the most limited local conditions. Competition is a powerful factor in determining the specific price paid for wheat, especially that paid to the producer. The consumers of wheat always have an advantage over the producers in that demand is never so tangible a factor as supply.
