Poor Soil Moisture Adds Insult to Injury for US Wheat

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US, US wheat, wheat, US wheat crop, wheat, US wheat production

 

US wheat farmers were already having a tough time during 2017. Now, according to a range of sources including the UN and the USDA, 2018 appears as though it will be even worse for US wheat. Although producer prices have risen from 20-year lows recorded late last year, US farmers are continuing to convert acreage to higher-returning soybeans and corn crops. To make matters worse for wheat farmers, historically poor soil moisture across the midwest delayed winter wheat plantings by multiple weeks. While conditions have since improved, the abbreviated planting window is likely to further threaten US production volumes next year.

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