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Farms.com Home  › News

Wheat Prices Fall To Pre-War Levels

Wheat Prices Fall To Pre-War Levels

Wheat prices have dropped to the level they were before the Russia-Ukraine war began, market analysts say, citing a lack of demand. Soft white wheat is $9 per bushel on the Portland market, down from $11 to $11.50 per bushel a month ago. "A drop going into Northern Hemisphere harvest isn't super surprising," said Byron Behne, senior merchant at Northwest Grain Growers in Walla Walla, Wash.

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Last Spring's rainfall was welcome. But it also created ideal conditions for soybean seedling diseases. Soybeans are most vulnerable during germination, when root systems are still developing and energy reserves are limited.
 
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