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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.
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3-Month Flour Price Direction
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Spring Wheat 15% Basis
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| Price |
 6.00
5.50 |  |
5.00
4.50 | |
4.00
3.50 | |
3.00
2.50 | |
2.00
1.50 | |
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2 |
3 |
5 |
2 |
4 |
8 |
16 |
18 |
22 |
24 |
26 |
31 |
5 |
30 |
4 |
6 |
17 |
19 |
21 |
25 |
27 |
1 |
8 |
10 |
14 |
28 |
30 |
2 |
12 |
14 |
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2 |
3 |
4 |
5 |
6 |
7 |
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Date
Month |
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This chart is intended to indicate market direction only. |
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Mpls Futures
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| Price |
7.00
6.50 | |
6.00
5.50 | |
5.00
4.50 | |
4.00
3.50 | |
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3 |
5 |
2 |
4 |
8 |
16 |
18 |
22 |
24 |
26 |
31 |
5 |
30 |
4 |
6 |
17 |
19 |
21 |
25 |
27 |
1 |
8 |
10 |
14 |
28 |
30 |
2 |
9 |
13 |
15 |
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2 |
3 |
4 |
5 |
6 |
7 |
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Date
Month |
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This chart is intended to indicate market direction only. |
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Winter Wheat 15% Basis
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22 |
27 |
29 |
2 |
3 |
5 |
2 |
4 |
8 |
16 |
18 |
22 |
24 |
26 |
31 |
5 |
30 |
4 |
6 |
17 |
19 |
21 |
25 |
27 |
1 |
28 |
30 |
2 |
12 |
14 |
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2 |
3 |
4 |
5 |
6 |
7 |
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Date
Month |
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This chart is intended to indicate market direction only. |
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KC Futures
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| Price |
7.00
6.50 | |
6.00
5.50 | |
5.00
4.50 | |
4.00
3.50 | |
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3 |
5 |
2 |
4 |
8 |
16 |
18 |
22 |
24 |
26 |
31 |
5 |
30 |
4 |
6 |
17 |
19 |
21 |
25 |
27 |
1 |
8 |
10 |
14 |
28 |
30 |
2 |
9 |
13 |
15 |
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3 |
4 |
5 |
6 |
7 |
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Date
Month |
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This chart is intended to indicate market direction only. |
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* 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.
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Weekly Market Highlights
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- Wheat futures rose once again this past week, with the price per bushel hitting its highest point since January.
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- After a brief uptick, Spring Wheat basis premiums had declined by mid-week.
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- Outside markets such as crude, gold, and a weak dollar may also be supporting the increase.
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- Some believe that there is a link between the recent rally this month to short covering.
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- Concerns about declining wheat production due to adverse weather conditions in Russia, the Ukraine and Canada may be contributing to the market rally.
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Facts on Flour
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The Truth About Futures
While even the most experienced traders are, at times, befuddled by the apparent chaos and volatility amid the noise and confusion, the workings of the grain futures markets are actually rather orderly, highly regulated and very important to the efficient function of the grain and milling industry.
Futures satisfy three very critical economic needs:
1. Price determination in a fair and open marketplace where all participants have equal access.
2. Allocation of grain supply over the entire crop year.
3. Risk avoidance for mills and other participants through “hedge” positions that “insure” against decreases in the value of stored grain.
In the absence of futures markets, grain and flour prices would almost certainly be determined less honestly and efficiently. Supply and prices would be less consistent since there would be no way to encourage sellers to defer grain sales to “future” positions during times of surplus, and grain traders, millers and buyers of flour would shoulder huge risk in owning wheat and flour.
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