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Market Characterization Charts/Graphs

Public & Private Partnership Understanding Agriculture's Risk
Funded by: USDA Risk Management Education Initiative
Cooperative State Research Education and Extension Service
USDA Risk Management Agency
Commodity Futures Trading Commission
USDA Office of Outreach

Learning materials and decision tools for Agricultural Risk Management:
Managing Financial, Production, and Price Risk.

"Available to Download"

Chapter 5

Table of Contents

1. Instructor Guidelines

2. Introduction

3. World Wheat Markets and the United States Relationship

4. United States Data for All Wheat Classes

5. Classes of Wheat with a Focus on Soft White Wheat

6. Appendix List of Figures and Tables

This chapter contains data tables and charts which characterize wheat markets at differing levels of aggregation including world totals, United States and Pacific Northwest regional markets. The chapter is intended to show important relationships among the various market levels and classes of wheat. The tables and charts cover the 1985/86 to 1998/99 marketing years.

The chapter is composed of three major sections. The first section shows the relative contribution of U.S. wheat production and trade to world totals. Section two focuses on the United States wheat market as a whole, what is generally referred to as “all wheat” which is an aggregation of all the various wheat classes produced. Section three shows how the various classes of wheat produced in the United States contribute to the overall U.S. wheat market. This section emphasizes Soft White Wheat data which is of primary interest in the Pacific Northwest.

The data tables and charts are meant to stand alone and be relatively self explanatory. Instructors will want to draw upon their own experience and knowledge of the markets as a basis for discussing the material with various audiences. The supporting text included with the tables and figures represents only a sketch of the implications which the instructor may want to draw from the data.

All charts were prepared based upon the data in the tables. The tables and charts are in Microsoft Excel format and are included on the compact disc in Chapter 10 of the manual. Additional years’ data can easily be added to the tables and charts as is materializes in the future. By using these files instructors can also create additional charts and graphs to emphasize different aspects of the data than those selected.