Who benefits from higher wheat prices, if anyone?

Who benefits? Wheat farmers and the towns that they help to support.

The farmers who are smart enough to know how to grow wheat inside green houses to avoid bad harvests. In fact my company is currently developing a wheat product that can be grown hydroponically we are still quite a ways away, but if we can nail it we'll be able to grow four times as much wheat as we currently do. So I guess technically I do. The truth of the matter is wheat prices actually have very little to do with the increasing cost of food in this country anyone seriously involved in this industry knows on average about 70% of the cost people pay at the store for their groceries is really the cost of transporting that food. So that just another way the oil companies are screwing you again.

the project began very last twelve months at the same time as farmers had a very undesirable crop as a results of undesirable climate and that pushed up the fee of flour. So for almost a twelve months we were used to paying the better prices and the manufacturers see no reason to drop the prices because it provides them more desirable income.

Monsanto corporation.

They have purchased all the seed companies in North America and ever since the Bush administration legalized the patenting of DNA, they've patented genetically modified versions of common crops. Now those DNA markers have been spreading on the wind as pollen naturally does.

They've been suing the farmers for theft of DNA as the DNA markers are showing up in the seeds that farmers saved from previous harvests such that the farmers have no choice but to buy seed from Monsanto. Monsanto also only sells the seeds with an end user licensing agreement that the crops must be fertilized with fertilizers purchased from Monsanto on a Monsanto specified schedule and both Monsanto herbicides and pesticides must be purchased from Monsanto and used on a Monsanto specified schedule. The EULA also prohibits the saving of seeds for the next year's crops as it's purely a license to use the seed for one season only.

The farmers themselves don't benefit from the rising prices because the rise in prices is due to them not being able to produce as much because of the weather conditions. Crop insurance companies don't benefit because these weather related incidents result in more insurance claims. Oil companies don't benefit much because although it still takes the same amount of fuel to seed, fertilize, use herbicides/pesticides and harvest the crops, there's less product to transport to market. Also the bio-fuel production in the US actually consumes 30% energy in fossil fuels than it produces in bio-fuel so having a surplus diverted to ethanol production means the equivalent of 1.3 gallons of gasoline in energy would be used to produce the equivalent of 1 gallon of gasoline in E85 bio-fuel so although a drop in surplus crops means a drop in bio-fuels to compete with, it also means a larger drop in fuel demand.