IDAHO WHEAT COMMISSION

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USDA Predicts Average Price of Wheat at $6 a Bushel in Calm Market

The USDA projects U.S. wheat prices will hover at about $6 per bushel over the next 10 years, given a stable world market with no crop problems. “That almost never happens, but it’s an important baseline to think about,” said Randy Fortenbery, Washington State University’s Thomas B. Mick Endowed Chair in Small Grains Economics. A farmer might ask, “What was the price last year and how come I’m getting $2 less a bushel?”

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