Snow can be an inconvenience for many in day-to-day activities but for ag producers and farmers snow plays a role in ensuring a healthy winter wheat crop.
Growers to Plant More Wheat, Pursuing War-Boosted Prices
With U.S. wheat selling for a record-high average of $9.10 a bushel, growers say they will sow the largest amount of land to wheat in seven years, enough to bump up production by 17%.
The USDA came out with its supply and demand report last week, but that report didn’t seem to have much impact on the spring wheat market as prices stayed in the same trading range they’ve been in for the past few weeks.
The U.S. shipped over 1 million metric tons of wheat for international food aid in 2022. The 1 millionth ton shipped at the end of November and arrived in Yemem in early January