Reports of trouble on the Great Plains served as a leavening agent for wheat prices this week, sending the market to new monthly highs. Oklahoma and Kansas are both major wheat-producing states and their hard…
Ags
Soybeans Disappointed
Soybean futures sank this week after news out of Washington dashed hopes for a bullish soybean market. On Thursday, President-elect Trump nominated Oklahoma’s Attorney General, Scott Pruitt, to head the Environmental Protection Agency. Under Pruitt,…
Wheat Market Wanes
Wheat prices withered lower this week, with March futures contracts hitting new lows. Prices are falling as the market tries to absorb bin-busting crops from Australia, Russia, and Canada, three of the world’s largest wheat…
Consumers Should Give Thanks for Low Food Prices
As Americans give thanks this year, they should include lower food prices in their list of blessings. A record-breaking corn and soybean harvest and large global supplies of wheat have helped pull grain prices to…