Title: The Price of Wheat The Price of Wheat 27 August 2010 - New York Times Agricultural experts say they’re not worried about the recent jump in wheat prices, caused largely by the drought in Russia and the ban on Russian wheat exports. The Department of Agriculture is predicting that world wheat production will reach the same level this year — 645 million metric tons — that helped bring prices down from their astonishing $13.50 a bushel peak in February 2008. At present, prices for December wheat are about $6.95 a bushel, down over 50 cents from a month ago, but up nearly 55 percent since early June...
