U.S. wheat prices have dropped to the point that next year’s projected crop insurance price is at or below the cost of production, Northwest market analysts say. Soft white wheat ranged from $6.75 to $7 per bushel on the Portland market. “It’s a game of high-stakes poker,” said Dan Steiner, a grain market analyst in Boardman, Ore. “It’s just a dangerous market, a guy’s got to be careful. It’s not like we’ve got buyers lined up.”The crop insurance price last year was $9.50 per bushel. Farmers with 80% coverage had a guarantee for 80% of that price on an average crop. This year, the projected crop insurance price for next year is $7.93.