1 / 10

Market Headline News: Wheat

Market Headline News: Wheat. Kim Anderson Oklahoma State University. KCBT Wheat Weekly Nearest. KCBT Wheat July Daily. What will it take for $5 wheat?. $5 wheat requires 620 mb ending stocks Average use 2.16 bb 980 – 620 = 360 0.36 bb 1.80 bb

spencer
Download Presentation

Market Headline News: Wheat

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Market Headline News: Wheat Kim Anderson Oklahoma State University

  2. KCBT Wheat Weekly Nearest

  3. KCBT Wheat July Daily

  4. What will it take for $5 wheat? • $5 wheat requires 620 mb ending stocks • Average use 2.16 bb • 980 – 620 = 360 0.36 bb 1.80 bb • Four times since 1975 below 1.9 bb

  5. Expected Production • Winter Wheat: • 37.1 million acres planted • 0.81 (percent harvested) • 44 bu/ac average yield • 1.33 bb • Spring Wheat • 15.7 million acres harvested • 40 bu/ac average yield • 0.63 bb • 1.96 bb Total Production

  6. Yield More Important than Price 29 bu/ac x $5 = $145 40 bu/ac x $3.75 = $150 June 2010 wheat price KCBT July $5.13 Basis-$0.80 $4.33

  7. What to Hope For Marketing Strategy • Hope for: • Above average yields. • Below average yields • Market Strategy: • 1/4 to 1/3 at harvest. • 2/3 to 3/4 fall & winter.

  8. OETA Saturday Mornings 7:30 a.m.

More Related