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Oklahoma State and Texas A&M economists review the 2024 wheat crop and price declines from mid-2023 through spring 2024, with KC HRW futures falling to $5.43 per bushel in March 2024. The article discusses concerns for the 2025 crop, including drought and market conditions in the Southern Plains.
This is background outlook commentary without a new market-moving event, so it has little direct effect on near-term wheat prices.
farmprogress.comJohn Michael Riley, Mark WelchJan 30, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
