“U.S. Winter-Wheat Acres Set to Drop to Lowest in 110 Years”
October 30, 2019
“… Dogged by lower prices and tepid demand, U.S. wheat farmers are poised to plant the fewest acres of winter varieties in 110 years…
…World supplies are so plentiful that futures for hard red winter wheat are down about 15% in 2019, one of the worst performances for commodities this year. In some parts of the southern U.S. Plains, wheat is now cheaper than corn, making the yellow grain a better bet.”
There’s more food to go around. That’s a good thing.