Market Tracker

Because wheat is an important ingredient in so many of our flours, we are always analyzing and interpreting trends in this market. Be sure to return to this page often, as we are constantly updating our information.


3-Month Flour Price Direction
Spring Wheat 15% Basis
Price
4.00

3.50
3.00

2.50
2.00

1.50
1.00

0.50
 
11/8/2011 12:00:00 AM - $3.3
11/10/2011 12:00:00 AM - $3.3
11/11/2011 12:00:00 AM - $3
11/14/2011 12:00:00 AM - $2.25
11/16/2011 12:00:00 AM - $2.4
11/18/2011 12:00:00 AM - $2.5
11/22/2011 12:00:00 AM - $2.75
11/28/2011 12:00:00 AM - $2.1
11/30/2011 12:00:00 AM - $1.9
12/2/2011 12:00:00 AM - $1.75
12/6/2011 12:00:00 AM - $1.65
12/8/2011 12:00:00 AM - $1.8
12/9/2011 12:00:00 AM - $1.75
12/12/2011 12:00:00 AM - $1.8
12/14/2011 12:00:00 AM - $1.8
12/16/2011 12:00:00 AM - $1.8
12/19/2011 12:00:00 AM - $1.75
12/21/2011 12:00:00 AM - $1.8
12/23/2011 12:00:00 AM - $1.9
12/27/2011 12:00:00 AM - $2.15
12/29/2011 12:00:00 AM - $2.25
1/3/2012 12:00:00 AM - $2.15
1/5/2012 12:00:00 AM - $1.3
1/9/2012 12:00:00 AM - $1.5
1/11/2012 12:00:00 AM - $1.65
1/13/2012 12:00:00 AM - $1.65
1/17/2012 12:00:00 AM - $2
1/19/2012 12:00:00 AM - $2.5
1/23/2012 12:00:00 AM - $2.5
1/25/2012 12:00:00 AM - $2
8 10 11 14 16 18 22 28 30 2 6 8 9 12 14 16 19 21 23 27 29 3 5 9 11 13 17 19 23 25
11
12
1
Date
Month
This chart is intended to indicate market direction only.
    
Mpls Futures
Price
9.00

8.50
8.00

7.50
7.00

6.50
 
11/8/2011 12:00:00 AM - $8.804
11/10/2011 12:00:00 AM - $8.712
11/11/2011 12:00:00 AM - $8.8
11/14/2011 12:00:00 AM - $8.752
11/16/2011 12:00:00 AM - $8.9
11/18/2011 12:00:00 AM - $8.752
11/22/2011 12:00:00 AM - $8.372
11/28/2011 12:00:00 AM - $8.154
11/30/2011 12:00:00 AM - $8.234
12/2/2011 12:00:00 AM - $8.444
12/6/2011 12:00:00 AM - $8.32
12/8/2011 12:00:00 AM - $8.212
12/9/2011 12:00:00 AM - $8.272
12/12/2011 12:00:00 AM - $8.234
12/14/2011 12:00:00 AM - $8.156
12/16/2011 12:00:00 AM - $8.112
12/19/2011 12:00:00 AM - $8.272
12/21/2011 12:00:00 AM - $8.416
12/23/2011 12:00:00 AM - $8.444
12/27/2011 12:00:00 AM - $8.265
12/29/2011 12:00:00 AM - $8.552
1/3/2012 12:00:00 AM - $8.442
1/5/2012 12:00:00 AM - $8.184
1/9/2012 12:00:00 AM - $8.096
1/11/2012 12:00:00 AM - $8.164
1/13/2012 12:00:00 AM - $8.012
1/17/2012 12:00:00 AM - $8.084
1/19/2012 12:00:00 AM - $7.99
1/23/2012 12:00:00 AM - $8.032
1/25/2012 12:00:00 AM - $8.126
8 10 11 14 16 18 22 28 30 2 6 8 9 12 14 16 19 21 23 27 29 3 5 9 11 13 17 19 23 25
11
12
1
Date
Month
This chart is intended to indicate market direction only.
    
Winter Wheat 15% Basis
Price
2.00

1.50
1.00

0.50
 
11/8/2011 12:00:00 AM - $1.68
11/10/2011 12:00:00 AM - $1.65
11/11/2011 12:00:00 AM - $1.6
11/14/2011 12:00:00 AM - $1.6
11/16/2011 12:00:00 AM - $1.55
11/18/2011 12:00:00 AM - $1.48
11/22/2011 12:00:00 AM - $1.51
11/28/2011 12:00:00 AM - $1.54
11/30/2011 12:00:00 AM - $1.45
12/2/2011 12:00:00 AM - $1.45
12/6/2011 12:00:00 AM - $1.5
12/8/2011 12:00:00 AM - $1.45
12/9/2011 12:00:00 AM - $1.35
12/12/2011 12:00:00 AM - $1.35
12/14/2011 12:00:00 AM - $1.31
12/16/2011 12:00:00 AM - $1.15
12/19/2011 12:00:00 AM - $1.15
12/21/2011 12:00:00 AM - $1.13
12/23/2011 12:00:00 AM - $1.25
12/27/2011 12:00:00 AM - $1.25
12/29/2011 12:00:00 AM - $1.25
1/3/2012 12:00:00 AM - $1.25
1/5/2012 12:00:00 AM - $1.39
1/9/2012 12:00:00 AM - $1.39
1/11/2012 12:00:00 AM - $1.3
1/13/2012 12:00:00 AM - $1.2
1/17/2012 12:00:00 AM - $1.2
1/19/2012 12:00:00 AM - $1.2
1/23/2012 12:00:00 AM - $1.25
1/25/2012 12:00:00 AM - $1.2
8 10 11 14 16 18 22 28 30 2 6 8 9 12 14 16 19 21 23 27 29 3 5 9 11 13 17 19 23 25
11
12
1
Date
Month
This chart is intended to indicate market direction only.
    
KC Futures
Price
8.00

7.50
7.00

6.50
6.00

5.50
 
11/8/2011 12:00:00 AM - $7.384
11/10/2011 12:00:00 AM - $6.97
11/11/2011 12:00:00 AM - $7.04
11/14/2011 12:00:00 AM - $6.92
11/16/2011 12:00:00 AM - $6.87
11/18/2011 12:00:00 AM - $6.684
11/22/2011 12:00:00 AM - $6.61
11/28/2011 12:00:00 AM - $6.524
11/30/2011 12:00:00 AM - $6.61
12/2/2011 12:00:00 AM - $6.814
12/6/2011 12:00:00 AM - $6.76
12/8/2011 12:00:00 AM - $6.584
12/9/2011 12:00:00 AM - $6.614
12/12/2011 12:00:00 AM - $6.522
12/14/2011 12:00:00 AM - $6.354
12/16/2011 12:00:00 AM - $6.394
12/19/2011 12:00:00 AM - $6.584
12/21/2011 12:00:00 AM - $6.71
12/23/2011 12:00:00 AM - $6.75
12/27/2011 12:00:00 AM - $6.956
12/29/2011 12:00:00 AM - $6.98
1/3/2012 12:00:00 AM - $7.124
1/5/2012 12:00:00 AM - $6.86
1/9/2012 12:00:00 AM - $6.98
1/11/2012 12:00:00 AM - $7.016
1/13/2012 12:00:00 AM - $6.7
1/17/2012 12:00:00 AM - $6.73
1/19/2012 12:00:00 AM - $6.58
1/23/2012 12:00:00 AM - $6.734
1/25/2012 12:00:00 AM - $6.97
8 10 11 14 16 18 22 28 30 2 6 8 9 12 14 16 19 21 23 27 29 3 5 9 11 13 17 19 23 25
11
12
1
Date
Month
This chart is intended to indicate market direction only.
    
* Flour pricing consists of a combination of Wheat futures prices and Basis Premium prices. Information contained on this chart closely resembles Gold Medal All Trumps, Mpls. Future + 15% Basis, and Harvest King, KC Future + 13% Basis.

Weekly Market Highlights
  • Wheat futures advanced this week as basis levels were mostly unchanged.
  • Europe, Russia and Ukraine are concerned about crop losses due to bitter cold weather. Russia’s talk about restricting exports could lead to world interest in U.S. wheat.
  • Rain or snow forecast for much of the U.S. winter wheat growing areas is favorable for crop conditions there.
  • Kansas winter wheat conditions are far better than last year with 49% rated good to excellent.
  • As spring arrives the market will focus on weather and crop conditions. The USDA supply and demand report is due out next week.

Facts on Flour
    Maturing Flour

    If bleaching describes the whitening of flour, what is maturing? For hard wheat flour, the term maturing implies the strengthening of dough forming properties, thus improving gas retention of the gluten. These maturing agents affect the physical properties of the dough and don’t have any direct effect on the yeast. Three common maturing agents include azodicarbonamide (ADA), potassium bromate and ascorbic acid. Breads treated with these agents will generally exhibit increased loaf volume, finer grain and improved external characteristics. Although they produce the effects just stated, they mature at different rates. ADA’s oxidation is rapid and reacts during the mixing process. Ascorbic acid is intermediate and reacts toward the end of mixing and into the dough stage. Bromate works during the proofing and baking stages.