Originally published on Wed November 28, 2012 7:13 pm
Northwest ports make up the largest wheat export gateway in the U.S. This is the third largest grain export region in the world. Joe Victor works for the futures and options marketplace, Minneapolis Grain Exchange. He says if Northwest longshoremen strike, there’s no other good route to feed grain to Asia. The Mississippi River has low water right now which is hard for barges. Victor says initially a strike or lock out in Portland could drive wheat prices up.