Wheat prices between $6 and $11

Anderson, Kim
June 2011
Southwest Farm Press;6/2/2011, Vol. 38 Issue 14, p17
Trade Publication
The article reports that cash wheat prices could reach 11 dollars by December 2011 while higher production could result in 6 dollars cash prices if production problems persist in the U.S., Europe and former Soviet Union countries. It notes that world ending stocks for 2011/12 are projected to be 6.7 billion bushels compared to May 2010/11's projected ending stocks of 7.3 billion bushels, Moreover, when stocks are not tight, corn stocks are tight and soybean stocks are tight.


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