Worst wheat price in a decade

Gregor Heard
July 6 2016 - 2:00pm
Mingenew grower Jared Heitman is taking a "watch and see" as the wheat price hits a decade low. Growing predominantly noodle wheats at Arena Farm south of Mingenew, Mr Heitman said they had taken a good position at the start of June, nominating to forward sell 1t/ha of this year's crop at $310/t. "The prices are low due to the massive amounts of grain in the world," he said. "However, it'
Mingenew grower Jared Heitman is taking a "watch and see" as the wheat price hits a decade low. Growing predominantly noodle wheats at Arena Farm south of Mingenew, Mr Heitman said they had taken a good position at the start of June, nominating to forward sell 1t/ha of this year's crop at $310/t. "The prices are low due to the massive amounts of grain in the world," he said. "However, it'

WHEAT prices are in free fall, hitting the lowest levels on international futures exchanges in a decade.

Gregor Heard

Gregor Heard

National grains writer

National grains writer for Fairfax Agricultural Media.

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