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Industry starts to ask, what price wheat?

This article was originally published in The Public Ledger

SINCE the record $13 a bushel that was traded on the Chicago futures markets in February, soft milling wheat's value has been more than halved by an ever-expanding, record world crop and a speculative exodus from commodities. Despite earlier concerns about quality, even premium hard bread wheat is now cheaper than a year ago, if about 50% dearer than in October 2006.

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