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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. |
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Estimating Wheat Planting Price for 07 Winter Wheat1 |
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CRC/ CBOT: AL, AK, DE, GA, KY, LA, MD, MS, MO, NC, SC, TN, |
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CRC/ CBOT: VA, IL, IN, MI, OH, PA, WI and NY2 |
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CRC/ KCBOT: IA, MT, NE, SD, WY, AZ, CA, CO, KS, NM, OK, and TX |
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CRC/ Portland: ID, NV, OR, UT, and WA |
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RA/ CBOT: ID, NV OR, UT, WA, IN, KY, MI, OH, and TN |
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RA/ KCBOT: AK, CO, IA, KS, MO, MT, NE, OK and SD |
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Estimated CRC & RA Wheat Base Price for 2007 |
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Daily |
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CBOT |
KCBOT |
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Closing |
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Portland |
6-Jul |
6-Jul |
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Price |
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White |
Soft Red |
Hard Red |
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CBOT |
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Wheat |
Wheat |
Wheat |
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6-Sep |
Estimated |
Base |
Base |
Base |
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Wheat3 |
Basis |
Price |
Price2 |
Price |
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Base Price 06 |
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$4.13 |
$3.50 |
$3.52 |
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Estimated Base Price 07 |
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$4.87 |
$4.35 |
$4.52 |
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08/15/06 |
4.3900 |
0.44 |
4.8300 |
4.3050 |
4.5300 |
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08/16/06 |
4.3300 |
0.44 |
4.7700 |
4.2500 |
4.5075 |
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08/17/06 |
4.2550 |
0.44 |
4.6950 |
4.1750 |
4.4350 |
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08/18/06 |
4.2550 |
0.44 |
4.6950 |
4.1750 |
4.4325 |
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08/21/06 |
4.2800 |
0.44 |
4.7200 |
4.2000 |
4.4325 |
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08/22/06 |
4.2350 |
0.44 |
4.6750 |
4.1525 |
4.3625 |
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08/23/06 |
4.2975 |
0.44 |
4.7375 |
4.2050 |
4.4125 |
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08/24/06 |
4.3750 |
0.44 |
4.8150 |
4.2925 |
4.4950 |
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08/25/06 |
4.3950 |
0.44 |
4.8350 |
4.3175 |
4.4900 |
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08/28/06 |
4.4650 |
0.44 |
4.9050 |
4.3725 |
4.5100 |
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08/29/06 |
4.4250 |
0.44 |
4.8650 |
4.3350 |
4.4750 |
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08/30/06 |
4.5750 |
0.44 |
5.0150 |
4.4900 |
4.6250 |
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08/31/06 |
4.6300 |
0.44 |
5.0700 |
4.5500 |
4.6750 |
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09/01/06 |
4.5950 |
0.44 |
5.0350 |
4.5100 |
4.6425 |
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09/05/06 |
4.6150 |
0.44 |
5.0550 |
4.5325 |
4.6400 |
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09/06/06 |
4.5550 |
0.44 |
4.9950 |
4.4750 |
4.6050 |
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09/07/06 |
4.5900 |
0.44 |
5.0300 |
4.5125 |
4.6400 |
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09/08/06 |
4.5550 |
0.44 |
4.9950 |
4.4725 |
4.6250 |
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09/11/06 |
4.5500 |
0.44 |
4.9900 |
4.4550 |
4.5975 |
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09/12/06 |
4.4500 |
0.44 |
4.8900 |
4.3575 |
4.5300 |
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09/13/06 |
4.4000 |
0.44 |
4.8400 |
4.3075 |
4.4775 |
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09/14/06 |
4.3300 |
0.44 |
4.7700 |
4.2400 |
4.3750 |
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1IP planting prices are based on the CBOT. |
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2CRC planting pricee for New York is 85%
times the CBOT price. |
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3CRC planting Portland price requires 15
trading days with open interest of 50 contracts |
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in the Sep 07 CBOT wheat contract, otherwise subsitute Jul 07 CBOT
wheat prices. |
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