TITLE

2008 wheat prices haven't peaked

AUTHOR(S)
Anderson, Kim
PUB. DATE
November 2007
SOURCE
Southeast Farm Press;11/7/2007, Vol. 34 Issue 25, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the reduction in the Kansas City Board of Trade (KCBT) wheat contract price in the U.S. The wheat prices have dropped to $1.17 from the KCBT December 2007 wheat contract's October 1 peak of $9.50 while the basis for the last three weeks has remained at minus 53 cents. The lower basis indicates increased price risk and rising transportation and handling costs. The factor that will lower production is the planting problems in Kansas and Oklahoma.
ACCESSION #
27423931

 

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