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   Home / Crops / Insurance / Risk Management

Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial and no warranty is given or implied by the author or any other party. Each farmer must consider whether such marketing strategies are appropriate for his or her situation. This web page does not represent the views of Kansas State University. 
Historical KCBOT Wheat Market  Prices and MPCI Price Elections        
(Sep 30 Sales Closing)                      
    KC  July Wheat         KC  September Wheat        
                  CRC Jul 15     CRC CRC RMA
      CRC JUN % RA JUL 1-14 % late Aug 14 %   High Low Wheat
    Plant   Harv.  Avg. Price   Harv.  Avg. Price   Harv.  Avg Price RA Price Price  Price
  Year Price Price Change Change Price Change Change Price Change Change Volatile Factor Factor  Elec.
                             
1 2008 5.88                   0.24 0.869 0.869 4.90
2 2007 4.52 5.62 1.10 24.3% 6.02 1.50 33.2% 6.33 1.81 40.0% 0.20 0.580 0.580 3.90
3 2006 3.52 4.81 1.29 36.6% 5.02 1.50 42.6% 4.83 1.31 37.2% 0.18 0.364 0.364 3.15
4 2005 3.56 3.28 (0.28) -7.9% 3.35 (0.21) -5.9% 3.40 (0.16) -4.5% 0.19 0.377 0.377 3.50
5 2004 3.40 3.77 0.37 10.9% 3.64 0.24 7.1% 3.44 0.04 1.2% 0.19 0.310 0.310 3.35
6 2003 3.73 3.14 (0.59) -15.8% 3.00 (0.73) -19.6% 3.40 (0.33) -8.8% 0.22 0.292 0.306 3.15
7 2002 3.34 3.09 (0.25) -7.5% 3.40 0.06 1.8% 3.72 0.38 11.4% 0.18 0.292 0.306 3.15
8 2001 3.31 3.07 (0.24) -7.3% 3.01 (0.30) -9.2% 3.07 (0.24) -7.3% 0.20 0.298 0.311 2.80
9 2000 3.34 3.02 (0.32) -9.6% 2.87 (0.47) -14.2% 2.79 (0.55) -16.5% 0.21 0.304 0.314 3.15
10 1999 3.16 2.84 (0.32) -10.1% 2.62 (0.53) -16.9% 2.84 (0.32) -10.0%       3.30
11 1998 3.95 3.04 (0.91) -23.1% 2.94 (1.01) -25.5% 2.82 (1.13) -28.6%       3.65
12 1997 4.13 3.64 (0.48) -11.7% 3.30 (0.83) -20.1% 3.64 (0.48) -11.7%       3.85
13 1996 3.91 5.76 1.85 47.4% 5.35 1.45 37.0% 4.87 0.96 24.7%       3.55
14 1995 3.52 4.24 0.72 20.4% 4.67 1.14 32.5% 4.70 1.17 33.3%       3.35
15 1994 3.00 3.37 0.36 12.0% 3.30 0.30 9.9% 3.41 0.40 13.5%       3.25
16 1993 3.20 2.87 (0.33) -10.3% 3.04 (0.16) -5.1% 3.09 (0.11) -3.4%       3.00
17 1992 3.05 3.59 0.54 17.9% 3.38 0.33 10.8% 3.17 0.12 4.1%       3.00
18 1991 3.07 2.86 (0.21) -6.9% 2.69 (0.38) -12.5% 2.89 (0.18) -5.9%       3.00
19 1990 3.69 3.29 (0.40) -10.9% 3.08 (0.61) -16.5% 2.89 (0.80) -21.6%       3.45
20 1989 3.65 4.14 0.49 13.5% 4.17 0.52 14.3% 4.01 0.36 10.0%       3.00
21 1988 2.78 3.79 1.01 36.4% 3.83 1.05 37.9% 3.79 1.01 36.3%       2.60
22 1987 2.39 2.64 0.25 10.5% 2.59 0.20 8.2% 2.58 0.19 7.9%       2.60
23 1986 2.74 2.44 (0.31) -11.2% 2.39 (0.35) -12.8% 2.50 (0.24) -8.7%       3.30
24 1985 3.54 3.20 (0.33) -9.4% 3.12 (0.42) -11.8% 2.99 (0.55) -15.5%       3.75
25 1984 4.05 3.65 (0.40) -9.9% 3.60 (0.45) -11.1% 3.62 (0.43) -10.6%       4.00
26 1983 3.92 3.58 (0.34) -8.7% 3.59 (0.33) -8.5% 3.73 (0.20) -5.1%       4.00
27 1982 4.56 3.64 (0.92) -20.1% 3.57 (0.99) -21.7% 3.63 (0.92) -20.3%       4.50
28 1981 4.88 4.22 (0.66) -13.5% 4.20 (0.68) -14.0% 4.31 (0.57) -11.8%       3.50
29 1980 4.25 4.09 (0.17) -3.9% 4.23 (0.03) -0.6% 4.39 0.14 3.3%       3.50
30 1979 3.06 4.09 1.03 33.7% 4.32 1.26 41.1% 4.11 1.05 34.3%       3.00
31 1978 2.50 3.05 0.56 22.2% 3.11 0.62 24.7% 3.00 0.51 20.4%       2.50
32 1977 3.56 2.36 (1.20) -33.8% 2.38 (1.18) -33.2% 2.33 (1.23) -34.4%       2.50
33 1976 4.28 3.76 (0.52) -12.2% 3.80 (0.48) -11.3% 3.50 (0.78) -18.3%       2.50
34 1975 4.38 3.15 (1.23) -28.0% 3.32 (1.06) -24.3% 3.83 (0.55) -12.6%       2.50
35 1974 3.75 4.05 0.30 8.1% 4.34 0.59 15.6% 4.42 0.67 17.8%       2.00
36 1973 1.88 2.59 0.72 38.1% 2.60 0.72 38.2% 3.45 1.57 83.6%       2.00
                             
Average Price 3.595 3.535 0.005   3.537 0.007   3.465 (0.036)          
                           
Sd. Deviation 0.754 0.781 0.724   0.842 0.779   0.635 0.685          
Max Price Increase  1.852     1.500     1.569          
Max Price Decrease  (1.227)     (1.180)     (1.226)          
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