Drought cuts crop production and prompts a spike in grain prices

Grain prices have reached record highs due to widespread prairie drought.

This week durum achieved $20.00 a bushel before falling back to $18.50.

Wheat market analyst Marlene Boersch of Mercantile Consulting says this is a record figure and the largest spread between durum and spring wheat ever seen.

Spring wheat prices are hovering around $10.50 a bushel.

Other high prices include canola at $20.00 a bushel, flax over $22.00 and lentils at almost $28.00 a bushel.

Boersch made her comments on the SaskWheat website.

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