Byron Behne News Today

Wheat prices have lowered to a "very dangerous area," Northwest market analysts say, pointing to low export demand. USDA projections have next years crop insurance price at or below the cost of production.

The wheat market barely rippled when Russia recently threatened to exit a grain export deal with Turkey, the United Nations and Ukraine. One analyst compared it to the "little boy

Wheat prices have hit new highs for the past 12 months, and market analysts say they don’t see a decline any time soon. Soft white wheat is about $6.65 per bushel, according to Northwest Grain Growers in Walla Walla, Wash. USDA shows wheat at $6.40 per bushel on the Portland market. “It’s the highest we’ve been all year,” said Byron Behne, Northwest Grain Growers senior grain merchant. Futures prices are matching highs from the previous price rally, Behne said. “To...