Special wheat market update
Wheat futures markets rallied in August to their highest levels since 2008, after posting their largest monthly percentage gains since 1959 in July. While the market surge has waned since peaking on August 5, values remained relatively high at well over $7 per bushel on August 18.
This special market update is intended to alert western Canadian farmers to potential pricing opportunities that continue to exist. Farmers are reminded that there are a variety of excellent pricing choices for wheat through the CWB or brokers. These values are comparable to posted U.S. elevator bids and the prices available to American producers, despite recent misleading reports to the contrary.
Farmers should check posted daily program values on the CWB’s Web site at www.cwb.ca . For your convenience, the CWB can also e-mail you the prices for all programs. When you subscribe to this free service, you can choose to receive all prices or only those for the classes of wheat you grow.
