High transportation costs = low midwest wheat prices

Continuing the focus on wheat: From the Farm & Ranch Guide - Rail rates continue to hamper spring wheat prices

High rail shipping costs continue to hamper spring wheat prices. “Increased shipping costs charged to the elevators by the railroads are hampering cash bids to producers - by as much as 15 to 20 cents per bushel,” said Leland “Judge” Barth, marketing specialist for the North Dakota Wheat Commission. “This has caused a decrease in prices from the August prices to the October levels.”