Wheat prices drop more than 20 cents in a week

Wheat prices tumbled last week on the Minneapolis Grain Exchange, after a few weeks of steady averages. Gas prices also continued to fall and are expected by many analysts to reach a 3-year low by year's end.


Cheese prices continued to rise last week on the Chicago Mercantile, averaging $1.88, up from $1.85 the week prior. Cheese averaged $1.76 a month ago.

Prices closed at $1.87 Monday, Tuesday and Wednesday, $1.89 Thursday and $1.90 on Friday.


Wheat prices fell more than 20 cents last week on the Minneapolis Grain Exchange, averaging $7.31, from $7.52 the week prior.

Prices closed at $7.36 Monday and Tuesday, $7.32 Wednesday, $7.30 Thursday and $7.25 on Friday.

Gasoline and diesel fuel

The nationwide average price for regular unleaded fuel today is $3.25, down from $3.28 last week. According to the AAA and the Oil Price Information Service, prices a month ago were $3.35.

Last year at this time, consumers were paying $3.47 at the pump.

Today's mid-range unleaded is $3.43, down from $3.46 last week. Premium gas is $3.60, from $3.64 last week.

Diesel fuel prices are averaging $3.84, from $3.85 last week. The price of diesel fuel was $3.88 a month ago and $4.03 last year.

Natural gas

Natural gas prices decreased across most of the country over the report week (Oct. 23-Oct. 30). The Henry Hub spot price closed Oct. 30 at $3.55/MMBtu, down about a dime from $3.66/MMBtu at the beginning of the report week.

At the New York Mercantile Exchange (Nymex), the November contract expired and settled at $3.496/MMBtu on Oct. 29, down 12 cents per MMBtu from the week prior, and the December contract moved into prompt position. The December contract settled at $3.620 Oct. 30, down 11 cents per MMBtu for the report period.

Pizza company stocks

Shares of Pizza Hut parent Yum! Brands Inc. closed last week at $67.62, up from $66 the week prior when its Q3 earnings report missed expectations. The company's 52-week low was in early February at $59.68. The company hit a new 52-week high of $75.13 in August.

Domino's finished last week at $67.06, down slightly from $67.39 the week prior. DPZ hit a 52-week high in early October, at $69.92. Its 52-week low was $38.98 a year ago.

Papa John's finished Friday at $75.67, up 3 cents from the week prior. The company hit a new 52-week high earlier in the week at $77.69. The company hit its 52-week low of $46.42 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $46.35, a slight drop from $46.57 the week prior. The company hit a fresh 52-week high in October at $47.78. Its low was a year ago at $28.95.

Pizza Inn closed out last week at $8.19, a drop from $8.69 the week prior. The company's 52-week high was $9.18 in May. It traded as low as $2.53 a year ago.

Read more about supply chain news.

Photo provided by Wikipedia.

Related Content

User Comments – Give us your opinion!
Products & Services

MVR Reports



Dual Core Menu Board Media Player - $99



Business Performance Management



Get more from your restaurant POS with online videos and tutorials






FireFly Point-of-Sale



Social Security Number (SSN) Verification



Operations Support



Self Serve iPad Ordering



PeopleMatter HIREā„¢



Digital Menu Boards and ROI
Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.