Wheat prices growing worldwide

On the heels of what can only be described as a stellar year for Colorado’s wheat crop in 2010, and with dry weather in major wheat-producing nations driving the price per bushel to record highs, and with state agricultural exports up 30 percent – or nearly $70 million – in the first quarter of 2011, the sound of Northern Colorado wheat farmers clicking their heels should be deafening.

It’s not.

Killing the joy here is the weather. With more than 80 percent of Colorado’s wheat production exported, higher prices overseas could mean a lot of money for…