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 Portland Wheat Market Prices and
MPCI Price Elections (Sep 30 Sales Closing)
		Portland White Wheat
						RMA	CRC	CRC
		Portland	CRC	Aug	%	Wheat	High	Low
		Plant	Harv.	Avg.	Price	Price	Price	Price
	Year	Price	Price	Change	Change	Elec.	Factor	Factor

1	2008	6.27				4.90	0.8310	0.8310
2	2007	4.87	6.87	2.00	41.1%	3.90	0.7180	0.7180
3	2006	4.13	3.97	(0.16)	-3.9%	3.15	0.4960	0.4960
4	2005	4.01	3.54	(0.47)	-11.7%	3.50	0.4400	0.4400
5	2004	3.84	3.90	0.06	1.6%	3.35	0.3500	0.3500
6	2003	3.99	3.91	(0.08)	-2.0%	3.15	0.4000	0.4400
7	2002	3.48	4.07	0.59	17.1%	3.15	0.4000	0.4400
8	2001	3.41	3.52	0.11	3.3%	2.80	0.4070	0.4490
9	2000	3.61	2.65	(0.96)	-26.6%	3.15	0.4540	0.4430
10	1999	3.40	3.14	(0.26)	-7.5%	3.30
11	1998	4.38	2.66	(1.72)	-39.3%	3.65
12	1997	4.32	4.09	(0.23)	-5.3%	3.85
13	1996	4.05	5.02	0.97	24.0%	3.55
14	1995	3.53	4.65	1.12	31.6%	3.35
15	1994	3.78	3.71	(0.07)	-1.8%	3.25
16	1993	3.65	3.44	(0.21)	-5.7%	3.00
17	1992	3.51	3.99	0.48	13.8%	3.00
18	1991	3.97	3.48	(0.49)	-12.3%	3.00
19	1990	4.02	3.21	(0.81)	-20.1%	3.45
20	1989	3.08	4.50	1.42	46.0%	3.00
21	1988	2.64	4.15	1.51	57.4%	2.60
22	1987	3.16	2.73	(0.43)	-13.6%	2.60
23	1986	3.96	2.68	(1.28)	-32.3%	3.30
24	1985	4.41	3.45	(0.96)	-21.7%	3.75
25	1984	4.10	3.74	(0.36)	-8.8%	4.00
26	1983	4.91	4.06	(0.85)	-17.4%	4.00
27	1982	5.30	4.16	(1.14)	-21.5%	4.50
28	1981	4.62	4.25	(0.37)	-8.0%	3.50
29	1980	3.47	4.06	0.59	16.9%	3.50
30	1979	2.89	4.45	1.56	53.9%	3.00
31	1978	2.82	3.71	0.89	31.5%	2.50
32	1977	3.32	2.88	(0.44)	-13.3%	2.50
33	1976	4.36	3.35	(1.01)	-23.2%	2.50
34	1975	5.06	4.27	(0.79)	-15.6%	2.50
35	1974	3.90	4.57	0.67	17.2%	2.00
36	1973	2.02	4.88