Bulging global wheat supply, strong dollar impact U.S. growers

A ship takes on grain at the Port of Kalama on the Columbia River in Washington state.

 Capital Press File

Wheat prices are at their lowest level since 2020, driven down primarily by burgeoning production from the Black Sea region, a wheat market analyst says.

Tyllor Ledford

Tyllor Ledford

“The question is, ‘Have we hit bottom?’” Tyllor Ledford, market analyst for U.S. Wheat Associates, said. “The answer is, ‘I don’t know.’ ... The whole world is waiting with bated breath for the bottom to be found.”

Tags

Recommended for you