Wheat Prices: How Low is Low?

wheat

by Brent Gloy

As we pointed out in an earlier article, the economic situation surrounding wheat production is particularly tenuous.  Today wheat prices are very low and the economics of producing wheat are particularly poor.  In some areas of the Great Plains cash wheat prices are within cents per bushel of cash corn prices. For instance, you can see the Kansas bids here, Nebraska here.  This situation made us wonder about wheat price levels and the value of wheat relative to corn has evolved over time. Continue reading