Wheat Prices Heat Up This Winter

Wheat Prices Heat Up This Winter

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Wheat prices hit a record-high on Chicago’s Board of Trade Friday. Analysts predict more market heat to come while Illinois wheat is under the cold, snowy ground.

Kane County farmer Joe White says with sky-rocketing wheat prices—there’s nothing hum-drum about his sixty acres of wheat. Since he planted in October, the crop’s grown in value by a buck-fifty per acre—with almost no work on his part. The crop’s supposed to emerge in March, if the weather holds.

White says like city drivers, he’s been worried about see-sawing temperatures.

WHITE: If you start freezing and thawing the ground, similar to what you get with asphalt with all your potholes, it heaves the ground and actually heaves the ground and it pulls the roots out of the ground so it dies. So, we still don’t know if we have got a wheat crop yet.

White says, if his wheat pulls through, the harvest could signal a good year. If that’s the case, he’ll triple wheat acreage this fall.

I’m Shawn Allee, Chicago Public Radio.