IDAHO WHEAT COMMISSION

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Wheat Prices: If Things Get Back to Normal

Since June 2007, the average daily price change for wheat has been 10 cents per day. The biggest daily increase was 96 cents. The largest daily decrease was 91 cents. Prices may be volatile, but prices still tend to follow patterns and cycles. Information on expected supply and demand still determines price. What makes tomorrow’s price different from today’s price is “new” supply and demand information.