Grains Spike Higher

Corn, wheat, and soybean prices all rose this week, climbing on news of shrinking global supplies. A USDA report on Thursday projected tighter stockpiles for each of the commodities, driven primarily by rising demand.

For U.S. farmers, this is welcome news, as prices are beginning to return to profitable levels. This can allow producers to lock in break-even prices on the futures and options markets, a tool that many use to guarantee the financial strength of their farming operations.

As of midday Friday, the March futures contracts for corn, wheat, and soybeans stood at $3.74, $4.49, and $10.57 per bushel, respectively.