wheat crop
Dry weather in Europe may cut into wheat harvest
Wheat prices reached their highest level in nearly three years on the London futures market because of fears that dry weather threatens the summer harvest.
Big drop in U.S. wheat crop driven by smallest plantings since 1919
U.S. farmers will plant the smallest amount of land to wheat, 46 million acres, since record keeping began in 1919, the USDA projected at its annual Outlook Forum. Wheat has lost ground to corn and soybeans, which offer higher yields per acre and more potential for profit, for more than three decades.
Record wheat crop propels Russia to No. 1 exporter
Wheat production in Russia is up 20 percent this year, allowing the world's No. 3 grower to move into to exporter spot. The monthly World Agricultural Production report says Russia reaped a record 72 million tonnes of wheat this year, thanks to a record average yield per hectare.
Informa: U.S. to plant more soybeans, less corn and wheat, in 2017
U.S. growers will plant a record 88.5 million acres of soybeans in 2017, up nearly 6 percent from the mark set this year and pointing toward the second crop in a row to exceed 4 billion bushels in the estimation of Informa, a private consulting company, reports Reuters. The USDA forecasts a record soybean crop this year of 4.27 billion bushels, far exceeding demand and driving down prices for the coming year.
Value of U.S. corn, soy, and wheat crops slips
The farm-gate value of this year's U.S. corn, soybean, and wheat crops would be nearly 8 percent lower than the 2023 crops due to the continuing decline in commodity prices, according to USDA estimates of season-average prices.