Wheat Supply/Demand and Price Wheat Supply/Demand and Price Kim Anderson Agricultural Economics
Talking Points Weather and corn dominate price factor. Adequate supplies of wheat. Remaining wheat to be harvested. Drought and winter wheat crop Wheat price potential. June 2013 KCBT and CBT wheat prices.
Top of the News Texas feedlots buy HRW wheat from Canada Aug 3 (Reuters) - Texas cattle feedlots purchased 45,000 tonnes of hard red winter wheat from Canada in recent days due to tight supplies of feed corn and its record-high prices, United States and Canadian trade sources said on Friday. In the past two weeks, Canadian exporters sold as many as 500 rail cars of wheat for shipment into the No. 1 U.S. cattle state of Texas, the sources said. "Right now, there's a real supply crunch and they're running out of old-crop corn," a Canadian source said. "(Canadian wheat) is available." Canadian exporters and farmers now have more freedom to market their grain after the Canadian Wheat Board's marketing monopoly expired on Wednesday, the first day of Canada's 2012/13 marketing year.
Oklahoma daily cash wheat price and CBT nearby corn contract price
Wheat and Corn S & D Numbers U.S. Production Million Bu. U.S. Ending Stocks Million Bu. Stocks-to-Use Ratio Percentage KCBT/CBT Dec $ $/Bu. WheatCornWheatCornWheatCornWheatCorn February 2,165 14, , $ 7.35 $ 5.58 May 2,245 14, , $ 7.23 $ 5.37 June 2,234 14, , $ 7.38 $ 5.16 July 2,224 12, , $ 9.11 $ 7.84 August , World ProductionWorld Ending StocksStocks-to-Use Ratio WheatCornWheatCornWheatCorn May 24,896 37,235 6,912 5, June 24,693 37,399 6,825 6, July 24,446 35,639 6,703 5, August ,560 4,
August, September, October Temperature
November, December, January Temperature
August, September, October Precipitation
November, December, January Precipitation
KCBT Dec ’12: Daily
KCBT Weekly Nearest
CBT Weekly Nearest
December 1 and June 20 prices December 1:$8.00 to $10.00 June 20, 2013:$7.50