NEW AVTAAR!!!!

HONEY I SHRUNK!!

And

CHICAGO WHEAT FUTURES PRICE DISTRIBUTION: 2000-2009

0%

2%

4%

6%

8%

10%

12%

14%

FUTURES PRICE RANGE

% O

F T

IME

CHICAGO WHEAT FUTURES PRICE DISTRIBUTION: 2000-2009

0%

2%

4%

6%

8%

10%

12%

14%

FUTURES PRICE RANGE

% O

F T

IME

Incremental Population Growth & Incremental Required Food grain production

Year Population Billion Annual incrase

Actual Addition

al Numbers

( Million)

Prescribed Minimum Food grain quantity

KG per person/annum

Additional Food Grain Required

(MMT)

Actual Increase in Food grain production

Gross Surplus/Deficit in Food grain

Requirement MMT

2001 1,02,87,37,436 1.15% 11.83 184 2.18 -16.04 -18.22

2002 1.15% 11.97 184 2.20 38.07 35.87

2003 1.15% 12.10 184 2.23 -38.41 -40.64

2004 1.15% 12.24 184 2.25 14.83 12.58

2005 1.15% 12.38 184 2.28 -10.23 -12.51

2006 1.15% 12.53 184 2.30 -8.69 -10.99

2007 1.15% 12.67 184 2.33 -13.5 -15.83

2008 1.15% 12.82 184 2.36 -3.1 -5.46

2009 1.15% 12.96 184 2.39 15.88 13.49

Efficient Frontier

“Inefficient Portfolio”

Point A

Point B

Point C

Risk (variability in returns)

Risk (variability in cost)

Efficient Frontier

“Inefficient Portfolio”

Co

st

Point C

Point B

Point A

04/10/23 confidential 20

“Come gather 'round people, wherever you roamAnd admit that the waters around you have grownAnd accept it that soon you'll be drenched to the

bone.If your time to you is worth savin'

Then you better start swimmin‘ or you'll sink like a stone For the times they are a-changin'.”

Bob Dylan