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.
Estimating Wheat Planting Price for 06 Winter Wheat1
CRC/ CBOT: AL, AK, DE, GA, KY, LA, MD, MS, MO, NC, SC, TN,
CRC/ CBOT: VA, IL, IN, MI, OH, PA, WI and NY2
CRC/ KCBOT: IA, MT, NE, SD, WY, AZ, CA, CO, KS, NM, OK, and TX
CRC/ Portland: ID, NV, OR, UT, and WA
RA/ CBOT: ID, NV OR, UT, WA, IN, KY, MI, OH, and TN
RA/ KCBOT: AK, CO, IA, KS, MO, MT, NE, OK and SD
Estimated CRC & RA Wheat Base Price for 2006
Daily
CBOT
KCBOT
Closing
Portland
6-Jul
6-Jul
Price
White
Soft Red
Hard Red
CBOT
Wheat
Wheat
Wheat
6-Sep
Estimated
Base
Base
Base
Wheat1
Basis
Price
Price2
Price
Base Price 05
$4.01
$3.40
$3.56
Estimated Base Price 06
$4.11
$3.50
$3.52
8/15/2005
3.5200
0.57
4.0900
3.5200
3.5150
8/16/2005
3.4700
0.57
4.0400
3.4700
3.4900
8/17/2005
3.4975
0.57
4.0675
3.4975
3.5300
8/18/2005
3.5475
0.57
4.1175
3.5475
3.5700
8/19/2005
3.6350
0.57
4.2050
3.5875
3.6200
8/22/2005
3.6050
0.57
4.1750
3.5650
3.6050
8/23/2005
3.5850
0.57
4.1550
3.5275
3.5850
8/24/2005
3.5500
0.57
4.1200
3.5000
3.5200
8/25/2005
3.5800
0.57
4.1500
3.5250
3.5300
8/26/2005
3.5600
0.57
4.1300
3.4975
3.5175
8/29/2005
3.5475
0.57
4.1175
3.4875
3.5200
8/30/2005
3.5400
0.57
4.1100
3.4675
3.5000
8/31/2005
3.5000
0.57
4.0700
3.4175
3.4350
9/1/2005
3.5400
0.57
4.1100
3.4650
3.4825
9/2/2005
3.5100
0.57
4.0800
3.4400
3.4500
9/6/2005
3.5200
0.57
4.0900
3.4500
3.4550
9/7/2005
3.4900
0.57
4.0600
3.4275
3.4325
9/8/2005
3.5300
0.57
4.1000
3.4725
3.4725
9/9/2005
3.5550
0.57
4.1000
3.4975
3.5075
9/12/2005
3.5600
0.57
4.1000
3.5075
3.5300
9/13/2005
3.6000
0.57
4.1000
3.5400
3.5650
9/14/2005
3.5950
0.57
4.1000
3.5325
3.5725
1 IP planting prices are based on the CBOT.
2 CRC planting pricee for New York is 85%
times the CBOT price.
3 CRC planting Portland price requires 15
trading days with open interest of 50 contracts
in the Sep 06 CBOT wheat contract, otherwise subsitute Jul 06 CBOT
wheat prices.
