It's been astonishing to watch cereals prices accelerate in quite the spectacular way they have in recent months.
Of course there was a good case for some strengthening in values. Global stocks are at an all-time low, America is throwing up bioethanol factories like they're going out of fashion. And a series of weather problems have pared down harvest not just in the UK and Europe, but in Canada, Australia and elsewhere.
Even by March this year, we had come a long way from the dark days of £54/t. But it still seemed dangerously optimistic to talk about £100/t and sheer folly to suggest anything higher.
But it's happened. £170/t ex-farm is available before Christmas - if you've got any to sell.
A lot haven't, and are understandably devastated that they sold all their wheat at £100/t when they though that was a great price.
But it still is. You can lock into prices of more than £120/t for the next two years. Surely that makes the best business case, than trying to And reports of farmers trying to wriggle out of contracts, supply minimum tonnages and flog the rest on the spot market suggest this bull run hasn't told people anything.
This isn't Wall Street. And you only have to look at the mounting crisis in American financial markets to be reminded that prices can go down just as quickly as they went up.
Meanwhile, from a journalist's point of view, the price run has left me with a mounting sense of dread.
FW goes to press on a Wednesday evening and, with traders as mystified as the rest of about when the steam will run out of this market, I've been leaving work hoping that headlines like "£200/t for milling wheat" still make sense on Friday.
Like everyone else, I'm watching this space