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Wet harvest causes grain prices to rise 7.7%. Should we buy our Wheaties now?

Posted Nov 2nd 2009 6:00PM by Connie Madon (RSS feed)
Filed under: International Markets, Products and Services, Consumer Experience, Market Matters, Commodities, Agriculture

We've had wet weather in the Midwest during the harvest season, resulting in higher grain prices.

The U.S. Department of Agriculture (USDA) issued a report on wholesale crop prices paid to farmers. Let's look at some prices:

  • Corn rose 29 cents per bushel to $3.54
  • Wheat jumped 8 cents per bushel to $4.56
  • Soybeans dropped 1 cent per bushel to $9.74
  • Wholesale milk prices jumped 7.1% in October to $1.19 per gallon. Milk prices, however are down 22% from last year.

Continue reading Wet harvest causes grain prices to rise 7.7%. Should we buy our Wheaties now?

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