Wheat prices shouldn't get much worse

Anderson, Kim
September 2004
Southeast Farm Press;9/1/2004, Vol. 31 Issue 21, p2
Trade Publication
The article focuses on the wheat prices in the U.S. United States wheat production is higher than expected. Foreign and world wheat production and U.S. corm production are expected to set record highs. Conditions for planting 2005 winter wheat are near perfect. Wheat producers are storing more wheat than normal. Nearly all the market news is negative and that is good news. There is not much left that can cause wheat prices to go lower. It's time for prices to turn around. Producers who have a marketing plan should continue to follow the plan. Producers who do not have a plan should consider selling one-third of their wheat in mid-September, one-third November 1 and the final one-third in mid-December.


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