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Kansas Wheat Prices Up

wheat-field-139193_640.jpg
wheat-field-139193_640.jpg

WICHITA, Kan. (AP)  Concerns about the quantity and quality of the U.S. winter wheat crop and an El Nino weather pattern blamed for dry conditions in other wheat-producing nations have sparked a recent run up in wheat prices.  Normally, the flood of grain coming in at harvest time drives down crop prices.  That is a sobering prospect igven that wheat prices were alrady low when wheat harvest got under way in Kansas, Oklahoma, and Texas.  But instead of going down further, wheat prices this year have been running higher now than they were in the middle of June.  Dan O'Brien, an Extension Specialist in grain markets at Kansas State University, says wheat prices are up 60 to 80 cents compared to what they were in mid-June.

The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.