Oregon wheat prices rise

Oregon Business Magazine:

In August, after Russia halted wheat exports due to severe drought, cash bids jumped for wheat shipped through Portland. November bids for high-protein spring wheat averaged $10.60 a bushel, while soft white wheat reached $6.29, both rising 34% over last year’s price. The value of 2009’s harvest was $223.6 million, a 35% decrease from 2008 due to lower prices and a smaller crop. Oregon has been planting more wheat, increasing production 20% in 2010.

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