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The Oklahoma State University extension column notes the 2022 Oklahoma and Texas wheat harvest forward contract is $11.10 per bushel, which would be a record harvest price. Analysts estimate the Ukraine war adds $2.50 to $3.00 to prices.
Poor crop conditions add risk to the outlook.
Record harvest-period prices and poor HRW crop conditions raise the cost of wheat for feed formulators and keep HRW values firm through the harvest.
farmprogress.comKim AndersonApr 28, 2022Not 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.
