If supply and demand is a big part of how ag commodities are priced, it’s understandable why there is some head scratching surrounding the high price of wheat. From the outside it would appear as though there is a lot of wheat around, but as Moe Agostino of Farms.com Risk Management explains it’s not necessarily what’s here that’s driving that price, it’s whats coming. More precisely, it’s what’s not coming that’s fuelling that high price.
Shaun talked to Moe about some of the factors that are driving wheat to where it is and what we can expect for 2013.
If you cannot see the embedded video below click here.