Trouble is growing for wheat farmers, with some doubting they will even break even this year due to a large global supply keeping prices low, coupled with stubbornly high input costs.
A study by Kansas State University shows farmers in the state would need a yield of 60 bushels per acre at $6.26 per bushel to break even. Wheat farmer Chris Tanner tells Reuters that means 10 more bushels per acre than he did last year.
The International Grains Council is forecasting a record global crop this marketing season. The markets will get a better look at the U.S. wheat crop next month during the annual wheat tour.
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