21-11-2013 05:50 AM | Australia

Appetite for wheat but price may slip

Wheat prices have lost nearly 10 per cent over the past month and many commodity analysts are tipping the grain price will fall further over the coming months.

ANZ agricultural economist Paul Deane is less pessimistic.

"Wheat prices have hit bottom and are going to trade sideways for a while," he said.

"Over the past six weeks, the average price farmers are paid when the wheat leaves the paddock has risen ­relative to Chicago Wheat Futures and that trend indicates strengthening ­global demand."
Full Story : The Land Newspaper