New Markets
Thursday, 7/2, 02:45 AM
Wheat Futures Rise After USDA Flags Smallest Crop Since the 1960s
- U.S.
- wheat futures rose after the Agriculture Department forecast winter-wheat production down about 27% from a year earlier — the smallest crop since the mid-1960s — as drought hammered the Great Plains.
- The tighter supply outlook is a reminder of how weather feeds into global food prices.