$4.49
The price of wheat will decline.
The current price of wheat per bushel varies depending on factors such as location, quality, and market conditions. As of date, the average price of wheat per bushel was around price.
The crop of wheat represents a better future for Martha.
In March 2012 the price of wheat was $260 for 1 metric ton
Since all farmers will have a surplus, the market will be flooded and the price of wheat will decline.
Government of Pakistan always set a minimum price level of wheat to support the farmers from disheartening. Means that if the farmer is getting less price for its wheat crop in the open market. He may sell his wheat to government of Pakistan at a high price which set by the government.
318.10
The spot price is the current price at which a commodity or asset can be bought or sold for immediate delivery, while the market price is the price at which a commodity or asset is currently trading in the market.
"What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?"
US average price received by farmers, all wheat types was $7.44 per bushel in 2011.
A commodity market is in contango if the spot price is lower than the futures price. A contango position is the futures position you hold with a price higher than spot price.
a bundle of wheat