Keeping Deflation in the Formula

Ag commodities, especially wheat due to world supply issues have been strong over the past couple of months.  Going forward with known supply information the pricing formulas will now need to include the deflation element.  The table here shows our beginning of year price projections versus to date prices for the year.  As can be seen on average the areas projected are running about 7 percent above projections so far.  Please pardon the format issue on the table.