Politics of Food: “Things are looking good at the Kansas City Board of Trade”
photo: Tammy Ljungblad / Kansas City Star In my quest to learn about the food cycle in the United States and here in the "bread basket" of the Midwest, I took a tour of the Kansas City Board of Trade (KBOT). The tour provided insights into the methods of commodity trading in one of the nation’s three large sites. A communications professional and former trader introduced herself, shared a “Voices of Vision” video, then led a group of personal investors to a viewing area above the trading floor. The video highlighted the success of the wheat growing capability of the US and the Midwest. The facilitator noted how problems with Russian wheat production, excess moisture in Europe, and dry climate in Argentina and Australia have elevated the price of wheat in recent months. This price increase is evident despite the highest volume in wheat production in the history of KBOT since 1856. In a seeming self-serving comment, the facilitator emphasized these were heady days for t