IDAHO WHEAT COMMISSION

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Drought May Leave U.S Flour Prices Elevated into 2024

A little over a month before the 2023-24 US wheat marketing year begins, moisture — or the severe lack thereof — is front and center for crop watchers and stakeholders all along the wheat and flour supply chains. Two of the three largest wheat classes grown in the United States — hard red winter and hard red spring — face moisture challenges that may limit yields and production in 2023, tightening stocks and heightening the risk of above-average flour prices into 2024.

Drought Challenge Could Limit Yields