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 Spring Wheat Market Prices and
MPCI Price Elections (March 15 Sales Closing)
		Minneapolis Sep Wheat
						RMA			CRC	CRC
				Aug	%	Wheat	Durum	RA	High	Low
		Plant	Harv.	Avg.	Price	Price	Price	Volat	Price	Price
	Year	Price	Price	Change	Change	Elec.	Elec.	value	Factor	Factor

1	2007	5.23	6.61	1.38	26.4%	4.45	4.60	0.17	0.5710	0.5710
2	2006	4.22	4.57	0.35	8.3%	3.15	3.22	0.20	0.5480	0.5480
3	2005	3.35	3.46	0.11	3.3%	3.50	3.50	0.14	0.2900	0.2900
4	2004	4.00	3.46	(0.54)	-13.5%	3.35	3.50	0.16	0.2380	0.2300
5	2003	3.64	3.77	0.13	3.6%	3.15	3.70		0.2220	0.2390
6	2002	3.18	4.04	0.86	27.0%	3.15	3.15		0.2220	0.2390
7	2001	3.46	2.95	(0.51)	-14.8%	2.80	3.40		0.4580	0.4480
8	2000	3.46	2.95	(0.51)	-14.8%	3.15	3.40		0.4720	0.4480
9	1999	3.53	3.33	(0.20)	-5.6%	3.30	3.60
10	1998	3.92	3.22	(0.70)	-17.9%	3.65	4.25
11	1997	3.61	4.01	0.40	11.1%	3.85
12	1996	4.55	4.66	0.11	2.5%	3.55
13	1995	3.46	4.53	1.07	30.8%	3.35
14	1994	3.38	3.55	0.17	5.0%	3.25
15	1993	3.19	3.21	0.02	0.7%	3.00
16	1992	3.96	3.07	(0.88)	-22.3%	3.00
17	1991	2.86	2.85	(0.01)	-0.4%	3.00
18	1990	3.68	2.79	(0.89)	-24.1%	3.45
19	1989	4.11	3.94	(0.17)	-4.0%	3.00
20	1988	3.12	4.06	0.94	30.1%	2.60
21	1987	2.62	2.65	0.03	1.1%	2.60
22	1986	2.87	2.61	(0.26)	-9.1%	3.30
23	1985	3.58	3.20	(0.38)	-10.7%	3.75
24	1984	3.67	3.84	0.17	4.6%	4.00
25	1983	3.89	4.19	0.29	7.6%	4.00
26	1982	4.20	3.82	(0.37)	-8.9%	4.50
27	1981	4.78	4.15	(0.63)	-13.2%	3.50
28	1980	4.80	4.54	(0.26)	-5.4%	3.50
29	1979	3.20	4.16	0.96	30.2%	3.00
30	1978	2.78	3.04	0.26	9.2%	2.50
31	1977	3.12	2.38	(0.74)	-23.7%	2.50
32	1976	4.19	3.50	(0.69)	-16.5%	2.50
33	1975	3.98	4.55	0.57	14.3%	2.50

Average Price		3.612	3.570	(0.042)
Sd. Deviation		0.565	0.657	0.562
Max Price Increase				1.067
Max Price Decrease				(0.889)