BRIEF: Region's wheat prices shoot to $10.25 a bushel.

From: The Spokesman-Review (Spokane, WA) | Date: September 30, 2007 | Copyright information

Byline: John Stucke

Sep. 30--A bushel of wheat grown in Eastern Washington fetched more than $10 a bushel last week -- a price that until this month seemed unfathomable.

Grains have been selling for record prices since midsummer, but few could have expected buyers in Portland to pay $10.25 on Friday.

Several years ago a bushel of Washington wheat was worth less than $2.50. About 85 percent of it is shipped by rail to Portland and exported to Asia and Africa.

Poor weather, weak crops, low stockpiles and burgeoning demand have fueled the run. Even so, Tom Mick, ...

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