U.S. wheat output to plunge 21 percent; price rises for first time in four years

• Chuck Abbott

Along with corn and soybeans, U.S. wheat prices reached a record high in 2013, just before the collapse of the commodity boom. The USDA projects that this year’s wheat crop will end the four-year decline in prices, partly because the harvest will be nearly one-half-billion bushels smaller than a year ago. In an early look… » Read More