Some of 2022’s volatility is gone, but low carryover of wheat stocks and uncertainties are expected to keep prices relatively high as farmers enter the new year.
That was the prediction Wednesday from Norm Ruhoff, a clinical assistant professor at the University of Idaho, at the Idaho Ag Outlook Seminar, presented by the university via Zoom.
In a word, wheat stocks remain “tight,” Ruhoff said, as he rattled off numbers to illustrate his point.