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Pricing Charts

Marketing is more than just selling wheat. Marketing decisions begin before planting rather than after harvest. Deciding which market class or variety to grow is the first part of marketing. Unfortunately there is no one 'best' marketing strategy that fits all growers or even one that fits a specific grower from year to year.

Marketing should be viewed as an ‘inexact’ science and marketing activities must be adjusted as conditions change. One way to gain insight into market behavior is to look at historical data.

Average Seasonal Wheat Price

Historical information can help with marketing decisions. However, past information should be used with caution in predicting the future. Markets are dynamic. Supply and demand relationships change constantly.

The following graphs depict historical prices for wheat in Portland and Ogden. A comparison is shown of average prices over the past 10 years, 5 years and 1 year. While all wheat prices tend to move in the same general direction, year-to-year price variation exists among different wheat classes and protein levels. Knowing the expected price movement within the marketing year can help in developing a marketing plan.

Ogden Price Charts
Soft White Wheat
Hard Red Winter
Hard Red Spring
Portland Price Charts
Soft White Wheat
Hard Red Winter
Hard Red Spring
Market aberrations
are dampened the longer the time period covered.

 

Tuesday, August 16, 2016
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Growers’ help needed to improve crop insurance
Sprout damage from heavy rains in southern and eastern Idaho at the end of the 2014 growing season made evident the inadequacy of current crop insurance for wheat growers, which is based on yields and not quality.

USDA’s Risk Management Agency has expressed a willingness to make changes to the quality standard for wheat by addressing the low falling number scale, but the agency wants to address the issue nationwide and needs strong data to support any changes.
Growers can assist the effort by providing multiple years of settlement data, at least the last six years but preferable the last 10 to 12.

RMA does not need and would prefer not to receive growers’ names, addresses and tax ID numbers.

The data must contain: the year; county and state where the crop was grown (not sold/delivered); quality of production; gross price received; net payment (gross less any dockage, but not considering any storage or shipping fees); test weight; and protein.

In addition, the agency needs at least one of the following: DON/VOM; falling number; or other quality spec of interest.
Growers are asked to send info to Blaine Jacobson at blaine@idahowheat.org.