Wet Harvest casuses grain prices to rise 7.7%. Should we buy our Wheaties now?

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 US 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 casuses grain prices to rise 7.7%. Should we buy our Wheaties now?

Wet Harvest casuses grain prices to rise 7.7%. Should we buy our Wheaties now? originally appeared on BloggingStocks on Mon, 02 Nov 2009 18:00:00 EST. Please see our terms for use of feeds.

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