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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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In the Markets - Doug Simon

Video: In the Markets - Doug Simon

After a sharp rally to start the week, the grain markets have spent the last few days digesting those gains. Traders are continuing to monitor weather across the corn belt, strong export activity and the critical pollination period for much of this year's corn crop.
 
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