In the Department of Agriculture’s February estimate of 2007-08 wheat ending stocks, U.S. supplies were reduced from 292 million bushels to 272 million bushels and world supplies were cut from 110.9 million tons to 109.7 million tons. That news helped fan the flames of wheat prices that have been heating up for the past month.Chicago (soft) wheat futures hit an all-time high of $10.93 on Feb. 8, after averaging $6.35 in 2007. Kansas City (hard) wheat futures are also at a record high of ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com