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Wheat Data: Yearbook Tables
Wheat and flour price relationships, Minneapolis
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View all years for this table. Latest data may be preliminary or projected.
Missing values indicate unreported values, discontinued series, or not yet released data.

WheatYearbookTable33
Table 33--Wheat and flour price relationships, Minneapolis (dollars per cwt)
Mkt year and qtr 1/
Cost of wheat to produce flour 2/
Wholesale price of bakery flour 3/
Wholesale price of byproducts 4/
Total wholesale price
Total wholesale price less cost of wheat
2007/08
Q1 Jun-Aug
14.95
15.60
1.21
16.81
1.86
Q2 Sep-Nov
20.41
19.97
1.94
21.91
1.49
Q3 Dec-Feb
32.41
32.82
2.47
35.29
2.88
Q4 Mar-May
30.85
31.38
2.50
33.89
3.04
MY Jun-May
24.66
24.94
2.03
26.97
2.32
2008/09
Q1 Jun-Aug
24.92
23.78
2.65
26.43
1.51
Q2 Sep-Nov
17.24
17.80
2.43
20.23
2.99
Q3 Dec-Feb
17.81
17.55
2.05
19.60
1.79
Q4 Mar-May
17.80
17.58
1.47
19.05
1.26
MY Jun-May
19.44
19.18
2.15
21.33
1.89
2009/10
Q1 Jun-Aug
15.92
15.75
1.53
17.28
1.36
Q2 Sep-Nov
15.16
15.73
1.74
17.47
2.31
Q3 Dec-Feb
16.99
15.75
1.71
17.46
.47
Q4 Mar-May
16.58
16.38
1.20
17.59
1.01
MY Jun-May
16.16
15.90
1.54
17.45
1.29
2010/11
Q1 Jun-Aug
17.18
16.75
1.35
18.10
.92
Q2 Sep-Nov
20.16
18.55
2.37
20.92
.75
Q3 Dec-Feb
25.54
23.88
2.84
26.72
1.18
Q4 Mar-May
29.00
27.07
3.04
30.11
1.11
MY Jun-May
22.97
21.56
2.40
23.96
.99
2011/12
Q1 Jun-Aug
26.10
25.28
3.21
28.49
2.39
Q2 Sep-Nov
22.96
21.07
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1/ June-May. Latest data may be preliminary.
2/ No. 1 dark northern spring, 14-percent protein. Cost of 2.28 bushels based on a 73-percent extraction rate. cwt = hundredweight. The Minneapolis prices beginning in January 2010 are calculated by adding freight and unloading charges to Chicago prices (see table 19). The Minneapolis price series ended in December 2009.
3/ Quoted as mid-month bakers' spring standard patent, bulk basis.
4/ Assumes 50-50 millfeed distribution between bran and shorts or middlings, bulk basis.
Source: USDA, Agricultural Marketing Service, Monthly Feedstuffs Prices; Milling and Baking News, Market Fax; and ERS estimates.
Date run: 1/24/2012
For more information, contact: Gary Vocke

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Updated date: January 24, 2012