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13.05.26 - 19:42
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U.S. Wheat Crop Forecast To Hit Half-Century Low As Drought Hits Breadbasket (ZeroHedge)
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U.S. Wheat Crop Forecast To Hit Half-Century Low As Drought Hits Breadbasket
Chicago wheat futures surged on Tuesday, hitting two-year highs after the USDA's latest WASDE report signaled a much tighter U.S. supply outlook than traders had anticipated.
Production stress across America's breadbasket is now converging with a megadrought and mounting fertilizer constraints, adding upward pressure on prices at a time when global food prices are rising.
?Due to poor crop health and a record-low planted area, the United States will produce the smallest wheat volume since 1972.
2026 winter wheat output (67% of total output) by class is seen at the lowest levels since:
All winter: 1965
Hard red winter: 1957
Soft red winter: 2020 pic.twitter.com/OcIP3DA0VS
— Karen Braun (@kannbwx) May 12, 2026
The USDA forecast 2026/27 U.S. all-wheat production at 1.56 billion bushels, sharply below Wall Street expectations of around 1.74 billion, marking the smallest harvest since 1972.
??The U.S. in 2026 ...
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08.05.26 - 12:24
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′The worst time for wheat′: US farmers face losses to extreme heat and drought (The Guardian)
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Temperature swings have left crops across the Plains in terrible conditions, with some farmers opting not to harvestMerrill Nielsen's wheat crop looked healthy after he planted it in the fall on his 2,500-acre farm in north-central Kansas, about 50 miles west of Salina, the plants benefiting from higher-than-normal November rainfall.But an abnormally warm and dry winter, followed by extreme temperature variability, stressed the developing wheat. In the winter-to-spring transition, temperatures fluctuated from 70 to 80F on some days and lows in the teens or low 20s on other days. Continue reading......
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