USDA Outlook: 2011/2012 season-average farm price for U.S. wheat projected at US$7.20-US$7.40/bushel, narrowed from US$7.15-US$7.45 in March
April 12, 2012
– The following article is excerpted from the April Wheat Outlook published by the Economic Research Service of the USDA.
2011/12 Price Range Is Narrowed
The 2011/12 season-average farm price range is projected at $7.20 to $7.40 per bushel, narrowed from $7.15 to $7.45 in March. This compares with $5.70 for the previous year and the record high of $6.78 for 2008/09.