Monday, May 3, 2010
Domestic Wheat Prices Drop in April
Prices for most wheat classes dropped in April, except for Hard Red spring (HRS) which increased $8/ton. Hard Red Winter (HRW) quotes fell $10/ton, White Wheat (SWW) dropped $6/ton and Soft Red Winter dropped $12/ton. The price gap between HRS and other classes continued to grow this month ahead of spring planning and reflecting continued tightness of higher quality HRS.