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Wheat price drop as winter wheat plantings rise nationwide
Nation wide winter wheat plantings rose 8 percent from 2011 and 12 percent from 2010, reaching 41.9 million acres as farmers react to higher prices and easing drought. Kansas Ohio and Texas led increases with hard red winter wheat surging, while futures slipped on CBOT to 6.05 per bushel for March delivery. Farmers weigh rainfall prospects and weather uncertainty ahead of harvest.
MENTIONED IN THIS ARTICLE
Wichita
Kansas
Oklahoma
Texas
National Agricultural Statistics Service
Chicago Board of Trade
Jerry McReynolds
Woodston
McReynolds
Kansas State University
Dan O’brien
O’brien
Texas Panhandle
David Cleavinger
National Association of Wheat Growers
Cleavinger