WHEAT MARKET REVIEW

econ.sdstate.edu

For Week Ending: Thursday, July 2, 2009
Comments by:   Alan May 
                            Extension Economics
                            South Dakota State Univ
ersity 
                            Brookings, SD 57007-0895

2009 ACREAGE REPORT

MINNEAPOLIS
WHEAT FUTURES

  KANSAS CITY
WHEAT FUTURES

MONTH

JUL 2

JUN 26

CHANGE

MONTH

JUL 2

JUN 26

CHANGE
Sep
618
667
-49
Sep
564
600
-36
Dec
623
679
-56
Dec
581
617
-36
Mar
632
689
-57
Mar
597
632
-35
May
644
695
-51
May
607
640
-33
Jul
650
697
-47
Jul
616
645
-29
CHICAGO
WHEAT FUTURES
   
MONTH


JUL 2


JUN 26

CHANGE
 
Sep
529
534
-5
 
Dec
555
563
-8
 
Mar
573
587
-14
 
May
585
604
-19
 
Jul
595
616
-21
 
         
Daily winter wheat futures at the Kansas City Board of Trade.  Click image for large-scale version. Click image for large-scale version.
Daily spring wheat futures at the Minneapolis Grain Exchange.  Click image for large-scale version.
COMMENTS

The South Dakota average price for spring wheat late this past week was $5.88 per bushel, 36 cents lower than a week ago.

The South Dakota average price for winter wheat last this past week was $5.02 per bushel, 23 cents lower than a week ago.

USDA’s monthly supply and demand numbers from the most recent World Agricultural
Supply and Demand Estimates report are summarized in a file that is linked below. For complete details, simply click on the link entitled, “Wheat Supply and Demand.”

Wheat basis data and cash wheat price data for various regions of South Dakota is available by connecting with a link at the bottom of this page. To access the charts for your region of the state, just click on the links entitled “Spring wheat cash and basis charts” and “Winter wheat cash and basis charts”. This basis information is compiled by the Economics Department at South Dakota State University.

 
 
For more information:
Economics Department website:   http://econ.sdstate.edu/
     under the Extension tab click on Current Market Analysis
Extension Service website:  http://sdces.sdstate.edu/
     click on the Farm Management/Marketing tab
or contact Mr May at:  alan.may@sdstate.edu