Wheat prices continue to be mired in trading range

Mark Conlon
Feb 3, 2023
Feb 3, 2023

Facebook
Twitter
Bluesky
WhatsApp
SMS
Email
Print
Save

Looking back at the last couple months, spring wheat prices have been stuck in a trading range in the high $8s to the low $9s.

kAm“x? E96 A2DE 4@FA=6 @7 >@?E9D[ ?62C3J 7FEFC6D C2?865 7C@> Sg]fd E@ Sh]d_[ 2?5 >@C6 C646?E=J H6 C62==J 92G6?VE 8@EE6? A2DE E96 Sh]ad >2C<[” D2:5 tC:42 ~=D@?[ >2C<6E 56G6=@A>6?E 2?5 C6D62C49 >2?286C 7@C E96 }@CE9 s2<@E2 (962E r@>>:DD:@?[ 255:?8 E92E =@42= 42D9 AC:46D 92G6 366? C2?8:?8 7C@> Sg]cd\Sg]gd]k^Am

kAm“(6’G6 24EF2==J 925 D@>6 52JD H:E9 D@>6 AC6EEJ 92C5 =@DD6D[ 2?5 2 =@E @7 E92E 92D 366? 5F6 E@ 7F?5 D6==:?8 :? 2== 4@>>@5:E:6D[ ?@E ;FDE H962E[” D96 25565]k^Am

kAmp?@E96C A:646 @7 ?6HD 5C:G:?8 E96 >2C<6E[ ~=D@? A@:?E65 @FE[ :D E92E E96 92C5 C65 H:?E6C H962E 2C62 @7 E96 &]$] 5:5 86E D@>6 >@:DEFC6 C646?E=J 2?5 E96 >2C<6E C624E65 25G6CD6=J E@ E92E 3:E @7 ?6HD]k^Am

kAm“W%96 C68:@?X 8@E D@>6 C2:? 2?5 D?@H E92E 5:5 2==6G:2E6 D@>6 @7 E96 5CJ?6DD[ 3FE ?@E 6?@F89 E@ EFC? 2C@F?5 E96 =@?8\E6C> 5C@F89E E96J’C6 92G:?8[ 2?5 ?@E 6?@F89 E@ C6G:G6 D@>6 @7 E96 5@C>2?E 4C@A @C D@>6 @7 E96 4C@A E92E 925 ?6G6C 6>6C865[ D@ E92E :D DE:== 2 3:8 4@?46C?[” D96 D2:5] “p?5 ?@H H6 92G6 D@>6 4@=5 H62E96C 4@>:?8 2?5 E92E’D C6?6H65 4@?46C?D 23@FE H:?E6C <:== @7 E92E 4C@A] $@ ?@E @FE @7 E96 H@@5D E96C6[ @7 4@FCD6]”k^Am

kAm{@@<:?8 2E E96 AC:46 DAC625D @7 DAC:?8 H962E @G6C 92C5 C65 H:?E6C H962E[ ~=D@? ?@E65 E92E 7@C 2 H9:=6 AC:46D H6C6 EC25:?8 72:C=J 6G6? 7@C E96 EH@ H962E 4=2DD6D] qFE 2D y2?F2CJ H2D 4@>:?8 E@ 2? 6?5[ H6 D2H E92E |:??62A@=:D 925 2 ?@C>2= AC6>:F> @G6C z2?D2D r:EJ @7 4=@D6 E@ d_ 46?ED]k^Am

kAm“xE’D 8@@5 E@ D66 E92E ?@C>2= AC6>:F> 7@C DAC:?8 H962E 324< :? E96 >2C<6E[” D96 D2:5]k^Am

kAmq6D:56D E96 ?6HD :? E96 92C5 C65 H962E C68:@? @7 E96 &]$][ E96C6 2C6 D@>6 @E96C A:646D @7 H@C=5 ?6HD E96 >2C<6E :D <66A:?8 2 H2E49 @?] ~?6 :D E92E #FDD:2 92D 2 =2C86 4C@A E@ >2C<6E]k^Am

kAm“x?E6C?2==J[ E96J C6=62D65 2? 6DE:>2E6 E92E H2D AC6EEJ 9:89] %96J A68865 E96:C AC@5F4E:@? 2E `_d >:==:@? >6EC:4 E@?D W||%X[” D96 D2:5] “%@ AFE E92E :? A6CDA64E:G6[ E96 =2DE &$sp 6DE:>2E6 H2D h` ||%] qFE D@FC46D 5@ D2J :E H2D =:<6=J E92E E96J’== 92G6 E92E 3:8 @7 2 4C@A W@7 `_d ||%X] qFE 6:E96C H2J[ H6’C6 DE:== 6IA64E:?8 E92E =2C86 H962E 4C@A :? #FDD:2]k^Am

kAm“qFE E6>A6C:?8 E92E 2 =:EE=6 3:E :D E92E W#FDD:2? !C6D:56?E '=25:>:CX !FE:? 2??@F?465 96 :D ?@E 282:?DE C6DEC:4E:?8 6IA@CED :? @C56C E@ >2:?E2:? 5@>6DE:4 7@@5 C6D6CG6D] $@ E92E’D ?@E @FE @7 E96 BF6DE:@? 2E E9:D E:>6[” D96 25565]k^Am

People are also reading…

The PCV2 landscape has changed. Is your protection keeping up?
Cattle producer converts all crop acres to forage production
Freezer on the fritz sends stress level to boiling
Grocery stores bring so much more than food to communities they serve
Family celebrates legacy of women farmers
Start succession conversation with farm legacy goals
A veterinarian’s perspective on failed execution of Tennessee woman
Energy abounds in Auburn FFA Chapter
Aging farmers and the government want to save farms, but for many the cost is too high
Canola harvest wraps up across North Dakota
Music in our family
Pork leader talks national policy, local impact
Barn Boards and Baling Wire
Farmer sentiment worsens from input costs
October heat shuts down beet harvest for fear of spoilage

kAmx?5:2[ E@@[ :D 6IA64E:?8 C64@C5 AC@5F4E:@?[ 3FE =2E6=J E96C6 92D 366? E2=< @7 A@E6?E:2==J 6IE6?5:?8 E96:C 6IA@CE 32? 5F6 E@ 9:89 5@>6DE:4 AC:46D]k^Am

kAm“p?5[ 2D H6 <?@H[ E9@D6 6IA@CE 32?D[ H96? E96J’G6 366? 2??@F?465 :? E96 A2DE[ 567:?:E6=J 86E 2 DEC@?8 >2C<6E C624E:@?[” D96 D2:5]k^Am

kAm%96 #FDD:2^&<C2:?6 D:EF2E:@? 92D 366? BF:6E 7@C 2 H9:=6[ 3FE E96 >2C<6E :D DE:== DFD46AE:3=6 H96?6G6C ?6HD 4@>6D @FE @7 E92E C68:@?[ 244@C5:?8 E@ ~=D@?[ ?@E:?8 E92E ;FDE H:E9 D@>6 @7 E96 :?4C62D65 E6?D:@?D C646?E=J[ E92E’D 2?@E96C :E6> 7@C E96 >2C<6E E@ 4@?E:?F6 E@ H2E49]k^Am

kAm~=D@? 2=D@ A@:?E65 @FE E96 >2C<6E 92D 2=C625J 23D@C365 E96 :?7@C>2E:@? @7 5C@F89E :? pC86?E:?2] p?5 :? 2== E96 @E96C H962E AC@5F4:?8 C68:@?D :? E96 }@CE96C? w6>:DA96C6[ E96 4C@AD 2C6 6:E96C :? 5@C>2?4J @C 92G6?’E 366? A=2?E65 J6E 2?5 E96 H62E96C 92D 36 >@56C2E6] pE E9:D E:>6[ E96C6’D ;FDE ?@E 2 =@E @7 @E96C ?6HD]k^Am

kAm{@@<:?8 2E 6IA@CE 56>2?5 7@C &]$] H962E[ @G6C2== 6IA@CED @7 2== 4=2DD6D @7 H962E 4@>3:?65 2C6 DE:== 36=@H =2DE J62C 3J f A6C46?E] %96 3F=< @7 E92E 4@?E:?F6D E@ 36 92C5 C65 H:?E6C H962E] tIA@CED @7 E92E 4=2DD 2C6 5@H? bd A6C46?E]k^Am

kAm$AC:?8 H962E D2=6D 2C6 72C:?8 2 3:E 36EE6C 2?5 4FCC6?E=J DE2?5 2E `fe >:==:@? 3FD96=D] %92E’D c A6C46?E 9:896C E92? =2DE J62C]k^Am

kAm%96 DEC@?86DE >2C<6ED 7@C E96 &]$] :? E6C>D @7 J62C\@?\J62C 82:?D 4@?E:?F6 E@ 36 |6I:4@[ }:86C:2[ 2?5 D@>6 tFC@A62? 4@F?EC:6D]k^Am

kAm“(6 5@ 4@?E:?F6 E@ DECF88=6 :? 2 =@E @7 pD:2? 4@F?EC:6D 5F6 E@ 4@>A6E:E:@? 7C@> r2?252[ AC:46[ 2?5 ;FDE @G6C2== =@H6C 56>2?5 :? D@>6 4@F?EC:6D 5F6 E@ E96:C 64@?@>:4 D:EF2E:@?[” D96 D2:5]k^Am

kAm}@CE9 @7 E96 3@C56C[ r2?25:2? 6IA@CED @7 H962E @E96C E92? 5FCF> 2C6 FA f_ A6C46?E[ 2?5 H6 4@?E:?F6 E@ D66 G6CJ DEC@?8 6IA@CED 4@>:?8 @FE @7 #FDD:2]k^Am

kAm“~?6 E9:?8 E92EVD A@D:E:G6 7@C 6IA@CED :D H6 4@?E:?F6 E@ D66 @462? 7C6:89E C2E6D 5C@A] %92E’D DE:== ?@E >2<:?8 FD @G6C=J 4@>A6E:E:G6 @? E96 H@C=5 >2C<6E[ 3FE :E 9@A67F==J H:== 96=A FD E@ >2<6 D@>6 D2=6D :? E96 4@>:?8 >@?E9D[” D96 D2:5]k^Am

kAm$:>:=2C E@ 5FCF>[ ~=D@? D2:5 E96 >2C<6E :D 2=C625J =@@<:?8 2E 6DE:>2E6D 7@C DAC:?8 H962E 24C6286 E9:D DAC:?8] $96 ?@E65 E92E 2 C6A@CE @FE @7 r2?252 7C@> E96 ppur Wp8C:4F=EFC6 2?5 p8C:u@@5 r2?252X[ D9@HD 2 7@C642DE 7@C 2? :?4C62D6 @7 c A6C46?E :? DAC:?8 H962E 24C6D :? r2?252] %9FD 72C[ E92E’D E96 @?=J @77:4:2= 6DE:>2E6 E96 :?5FDECJ 92D E@ =@@< 2E] &$sp H:== 4@>6 @FE H:E9 :ED 7:CDE 6DE:>2E6 @7 H962E 24C6D H96? E96 !=2?E:?8 x?E6?E:@?D #6A@CE :D C6=62D65 2E E96 6?5 @7 |2C49]k^Am