Farmers Set to Abandon US Wheat Crops at Highest Rate Since 1917
Futures of hard red winter wheat, the variety grown in drought-struck states including Kansas and Oklahoma, surged as much as 6.9% after the data was released.
By News on the Net -- Yahoo Finance—— Bio and Archives--May 18, 2023
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(Bloomberg)
— America’s wheat fields have become so plagued by drought that farmers
are now poised to abandon crops at the highest rate in more than a
century.
Producers are expected to harvest about 67% of their planted acres, the US Department of Agriculture said Friday. If realized, that would be the lowest harvest ratio since 1917, the agency said in a monthly report. ---More...
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Producers are expected to harvest about 67% of their planted acres, the US Department of Agriculture said Friday. If realized, that would be the lowest harvest ratio since 1917, the agency said in a monthly report. ---More...
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