It’s a bull market in grains. Farmers are watching as the wheat market soars above $6 and the one question many are wondering is, how high will it go? Being pulled by strong soybean and corn prices, wheat is not far behind, topping price highs that haven’t been seen in nearly six years according to the Kansas Wheat Commission. All major U.S. wheat classes have been climbing in the markets for weeks. “In the 40 or 45 years that we’ve farmed, I’ve seen this happen like once,” said Vance Ehmke, Lane County Farmer. Poor crop conditions and low acreage has led to a lack of supply but a surge in demand.
Source: KSN-TV
