Statistics Canada reported in September that the Saskatchewan non-board wheat price in July was $331.15 per metric tonne, up 7% from June and up 124% from July 2007 when the price was $147.87.
Meanwhile, supplies of wheat are down, way down, possibly because producers moved grain stored on farms to capitalize on advantageous prices...
Durum wheat supplies held on farms were down 83.3% from 300 000 tonnes in July 2007 to a very low level of 50 000 tonnes, and commercial supplies were down 15.1% to 792 000 tonnes. Wheat excluding durum supplies held on farms were down 60.9% compared with July 2007 to 656 000 tonnes, a value not seen since 1995. Supplies held in commercial positions were down just 14.7% to 3.3 million tonnes.