Grain, canola crops outlook explored

The outlook for wheat prices is not good for U.S. producers this fall, with a forecast of record high production and the largest ending stocks in 29 years. Our strong dollar, made even stronger with the current turmoil in Europe, makes our products more expensive for foreign customers. Excellent forecast wheat production for Spain, France and Russia provides cheaper sources for our international buyers. Thus, local wheat prices are currently predicted to be around $4 per bu for soft white wheat and $5 per bu for Dark Northern Spring. Hard red winter wheat is currently selling for about the same price as soft white wheat.