http://www.twincities.com/business/ci_8275334
Wheat market gone wild
Driven by fears of shortage, the price per bushel has shattered
records.
BY TOM WEBB
Pioneer Press
Article Last Updated: 02/16/2008 12:08:04 AM CST
Mark Wilson, his arms raised, and Richard Diaz, in the yellow jacket,
join other traders Friday morning to trade hard red spring wheat
futures at the Minneapolis Grain Exchange. In a bullish week for
farmers, wheat prices defied the exchange's trading limits to reach
almost $20 a bushel. (JEAN PIERI, Pioneer Press)
Decades from now, farmers will still talk about this week - the moment
when wheat in Minneapolis soared to nearly $20 a bushel.
Like a 100-year flood, spring wheat prices have risen relentlessly all
winter, obliterating every record in sight. At the Minneapolis Grain
Exchange, wheat fever pushed prices to $19.80 a bushel in trading
Friday - nearly triple the record from 1996.