September 7, 2010
Grain crop off to average start; corn and hay crops slow
Idaho Wheat Commission Meeting Notice
Philippine Trade Team Visits Idaho
Korean Wheat Crop Survey Team Visiting Idaho
Idaho Wheat Commission Announces Top Five Export Markets
Governor Appoints Jerry Brown to Idaho Wheat Commission
Idaho Wheat Commission Meeting Notice
Southern Idaho Direct Seed Workshop slated for March 5 in Idaho Falls
Idaho Grain Producers Hail Return of Field Burning Program
March is Bake & Take Month
Project M.O.M. Launched to Combat Childhood Obesity
Trade Agreements are Good for Idaho’s Wheat Growers
Idaho Wheat Commission Hosts Southern Idaho Direct Seed Workshop
Idaho Wheat Commission Sponsors Essay Contest for Young Farmers
Idaho Grain Producer Testifies at House Transportation Committee
Gordon Gallup Selected as Idaho Wheat Commission Chairman
Governor Reappoints Joe Anderson to Idaho Wheat Commission
Idaho Wheat Commission Meeting Notice
Idaho Wheat Commission Meeting Notice
Wheat Prices Soar to the Highest Levels in a Decade
Wheat Prices Are Up, But Idaho Wheat Production is Lower This Year
Governor Reappoints Mark Darrington to Idaho Wheat Commission
Making Protein in Hard White Wheat
Idaho Wheat Commission Meeting Notice
National Education Campaign Dispels Grain Myths, Empowering Moms to Energize Their Inner Athlete
U.S. and Japan celebrate 50 years of wheat collaboration
IT'S TIME TO YELL ABOUT AUSTRALIAN WHEAT BOARD KICKBACKS TO SADDAM HUSSEIN
Pakistan officials in U.S. on wheat trade visit
“Keep the Food in Food Aid”
Agriculture Groups Work Together to Resolve Railroad Issues
Asian Wheat Markets at Risk Due to Lack of Hard White Wheat
Spring Wheat Contracting Available for Hard White Wheat
Idaho Wheat Commission to Discuss Export Markets and Soft White Wheat Prices at 2006 Cereal Schools
Idaho Students Enjoy 20 years of “Bread in a Bag”
US Wheat Associates Elects New Chairman From Idaho
Governor Appoints Gordon Gallup to Idaho Wheat Commission

Wheat Prices Soar to the Highest Levels in a Decade
10/27/2006
Contact: Contact: Tereasa Waterman (208) 334-2353
Idaho Wheat Commission
September and October wheat prices are proving to be the highest Idaho wheat growers have seen in ten years. The U.S. Department of Agriculture recently released its Grain World Markets and Trade numbers tracking world-ending stocks at 119 million metric tons and cut U.S. wheat-ending stocks to 418 million bushels.

Australia, the world’s third largest wheat supplier, has been severely impacted by drought this year, reducing grain harvest, curtailing exports and causing major price and trade impacts on global grain markets. The short supply of wheat from Australia will exacerbate an already tight global situation and result in even further drawdowns in exporters’ stocks.

With wheat in such short supply, the governments of four major exporters (The Ukraine, The EU-25, Australia and Argentina) have restricted exports to protect domestic supplies and keep food prices in check. These actions may lead to increased demand for U.S., Canadian and Russian wheat and push prices even higher (typically low world supplies impact price).

“All of the stars lined up right this year for Idaho wheat growers,” said Blaine Jacobson, Executive Director of the Idaho Wheat Commission. “Although some Idaho wheat farmers experienced a decrease in yields this year, overall Idaho wheat growers are benefiting from drought ravaged areas across the globe.”

According to Jacobson, the market is facing its lowest world supplies since 1982 and the tightest stocks-to-use ratio since the early 1970’s. Prices began to reflect tightening supplies last month when PNW Soft White wheat rose $17 a ton and Hard Red Winter increased $4.00 a ton.

The Idaho Wheat Commission has been tracking historical prices for wheat in Portland and Ogden on its website (www.idahowheat.org/market/pricingcharts/Portland/Ogden). A comparison is shown of average prices over the past 10 years, 5 years and 1 year. While all wheat prices tend to move in the same general direction, year-to-year price variation exists among different wheat classes and protein levels.