Forecasters predict 2014 wheat prices on downward trend

Forecasters predict 2014 wheat prices on downward trend
LEWISTON, ID - Spring and winter wheat prices for local growers are still on a downward trend.

The United States Department of Agriculture Risk Management Agency said that 2014 estimates for winter wheat are 64-cents less than last year. Farmers in Washington, Alaska, Idaho and Oregon base their insurance coverage off these numbers for the coming year.

"It's a bit lower than 2010 when it was $5.55," said Dave Paul.

Cost for wheat hasn't been anywhere close to four-dollars for farmers since 2007.