A farmer’s photo and his accompanying statement on Twitter recently summed up the views of many U.S. wheat growers today. “Yes, I’m planting wheat, and no, I don’t know why,” the farmer said. That perspective is understandable. After the USDA released its World Agricultural Supply and Demand Estimates (WASDE) in early November, corn and soybeans took the lead story away from wheat. Ending stocks for wheat for 2017/18 have been lowered 25 million bushels, with the report citing increased exports as the cause.
November 16, 2020 11:18 PM
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