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U.S. wheat area forecast to hit record low

The International Grains Council (IGC) is forecasting U.S. wheat area to hit an all-time low in 2018.

IGC did not publish specific acreage projections, but says winter wheat seeding challenges related to weather will factor into fewer acres.

Steve Mercer with U.S. Wheat Associates says farmers might look at profit opportunities for other crops, but points to global demand as a reason to keep wheat in the rotation next year.

“U.S. wheat has the right kind of qualities that are needed in markets, especially in Asia and Latin America.  Our sales have actually been up significantly in the last few years there.  So that demand is there, and we’re serving that market.”

The U.S. planted 50 million wheat acres this year, the lowest since at least 1919.

IGC expects top competitors in the European Union to remain steady on plantings, but predicts Russia will expand its wheat area in 2018.

 

 

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