U.S. Farmers Respond To Higher Wheat Prices By Planting More

From U.S. Wheat Associates

Since Russia’s unprovoked invasion of Ukraine sent them soaring one year ago, global and U.S. wheat prices have decreased significantly. Continued Black Sea Grain Corridor exports and improved production outlook in major exporters such as Russia and Australia have helped relieve the market of some supply pressure. Bulk ocean freight rates have also broken in favor of wheat and other grain importers. Read the rest of the article here.