US regularly and consistently dumps wheat into the sea and ocean because it cannot be sold and it will not donate to the poor countries… just to keep the prices in place. Guess what? The price of wheat has doubled in the last year. Now, the thieves are stealing wheat! Its tempting.
The Kansas Bureau of Investigation is investigating the theft of 9,000 bushels of wheat, valued at more than $50,000, from at least four grain elevators in Syracuse, Kansas, a KBI official said Friday.
Wheat prices have roughly doubled in the past year, hitting an all-time of $10 per bushel in mid-December at the Chicago Board of Trade, the world’s largest grain exchange.
The higher prices may be the motivation for the theft, said Kansas Farmers Service Association attorney Terry Bertholf, who also represents some of the grain elevators.
“It is tempting,” Bertholf said, adding that the value of the stolen wheat is about $52,000.
He said the thieves likely stole the wheat from one elevator and sold it to another.
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