Political instability, weather spur wheat prices - KALB-TV News Channel 5 & CBS 2

Political instability, weather spur wheat prices

Posted: Updated:

WICHITA, Kan. (AP) - Market analysts say political instability in the Ukraine, freeze damage and drought are conspiring to drive up wheat prices.
    
U.S. Wheat Associates, the industry's agricultural trade group, says in a recent report that concern over the political situation in Ukraine - which supplies 6 percent of the world's wheat export market - was one of the factors for the price spikes.
    
But the group's market analyst, Casey Chumrau, also says fears about drought in the United States and other wheat-producing countries are pushing prices higher.
    
Also spurring market concerns is the potential for freeze damage stemming from this year's frigid winter.
    
It's unclear how much consumers will be affected by the increases, but analysts say U.S. farmers are poised to cash in on the uncertainty.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • MH17 family living in 'hell beyond hell' after losing three kids

    MH17 family living in 'hell beyond hell' after losing three kids

    Wednesday, July 23 2014 5:23 PM EDT2014-07-23 21:23:40 GMT
    Siblings Evie, Mo and Otis Maslin died when the Malaysia Airlines jetliner was shot down over eastern Ukraine on Thursday. (Courtesy of Maslin Family)Siblings Evie, Mo and Otis Maslin died when the Malaysia Airlines jetliner was shot down over eastern Ukraine on Thursday. (Courtesy of Maslin Family)
    (NBC News) Parents who lost three young children and their grandfather when Flight MH17 was shot down by pro-Putin rebels revealed that they now "live in a hell beyond hell." More >>
    (NBC News) Parents who lost three young children and their grandfather when Flight MH17 was shot down by pro-Putin rebels revealed that they now "live in a hell beyond hell." 
    More >>
  • APD: Weapons/Narcotics arrest

    APD: Weapons/Narcotics arrest

    Wednesday, July 23 2014 12:27 PM EDT2014-07-23 16:27:53 GMT
    ALEXANDRIA, La. (KALB News Channel 5) -- On July 22, 2014, at 1:00 AM, APD Officers were dispatched to the 700 Block of Everett Street in reference to an assault with a firearm.More >>
    ALEXANDRIA, La. (KALB News Channel 5) -- On July 22, 2014, at 1:00 AM, APD Officers were dispatched to the 700 Block of Everett Street in reference to an assault with a firearm.More >>
  • Tennessee man accused of threatening to kill Obama

    Tennessee man accused of threatening to kill Obama

    Wednesday, July 23 2014 2:52 PM EDT2014-07-23 18:52:07 GMT
    NASHVILLE, Tenn. (AP) — A man left profanity-filled voicemails with Tennessee's homeland security office threatening to kill President Barack Obama and other officials, saying in one that he would "light Nashville up," according to court documents.More >>
    NASHVILLE, Tenn. (AP) — A man left profanity-filled voicemails with Tennessee's homeland security office threatening to kill President Barack Obama and other officials, saying in one that he would "light Nashville up," according to court documents.More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.