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Idaho farmers are selling wheat at prices above production cost for the first time in about four years, as futures rose sharply since mid-2020. Hard red winter futures are up $2, or 47%, since June and reached their highest since 2014.
Hard red spring wheat is up 23% since August to its highest since early 2018.
Sustained wheat futures gains reflect the broader rally driven by export policy and tight supplies, raising feed wheat costs. Higher wheat prices also encourage farmers to hold grain and plant more wheat.
postregister.comBy JOHN O’CONNELL joconnell@journalnet.comJan 18, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
