Wheat
Cashing in on higher prices for cull cattle as meat demand stays high. Plus, trouble grows for wheat growers in a global surplus, and ag machinery sales slump.
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.
USDA’s Economic Research Service attributes that to wheat becoming a rotational crop as farmers mix it in with more profitable corn or soybeans.
Brazilian agriculture faces hurdles with low rainfall and an approaching heat dome which may cast a shadow over crop production.
With the wheat harvest around the corner, the agricultural world is abuzz with anticipation and speculation.