A Welcome Recovery in Wheat Prices

While attention has focused on the mostly bearish soybean market news, a welcome trend in wheat prices has been underway in recent years. While the economics of wheat production in recent years has not been overly positive – including historically low prices in 2016 and a downward trend in U.S. wheat acreage– corn and soybean production benefited from a small increase in wheat acreage in 2018. This week’s post considers recent wheat prices and the mostly silent, but welcome, positive story. (more…)