The Arthur Companies grain merchandiser Jenna Knutson says the higher wheat prices bring a sense of déjà vu, reminding many of 2008. “At that time, we saw wheat prices go to $18 or $20. Farmers watched it go up and move right back down. There’s fear and the big question is what’s actually happening in Ukraine. Is it as bad as we expect? There’s a lot of uncertainty.” Knutson says there’s been a lot of farmers selling with prices moving limit up. “It’s important for farmers to get their orders in, talk about the prices they want to see. In the long-term, this could get wild. Ukraine’s planting season is just like ours and if this continues, it may get crazy.”
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