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Farm Policy Facts reports that US wheat farmers face disasters, falling prices and the lowest wheat acreage in US history. A Montana durum grower describes a severe drought and says crop insurance is essential.
Wheat farmers are lobbying for a strong safety net in the 2018 farm bill.
Record-low US wheat acreage points to tighter future wheat supply, but the article is advocacy for policy and does not report a new supply change. Its effect on prices is limited.
farmpolicyfacts.orgFarm Policy FactsAug 28, 2017After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
