Southern Crop

Southern Crop

An Odd Trend in Wheat Country: Not Much Wheat

Thanks to a global grain glut that has caused prices and profits to plunge, this year farmers planted the fewest acres of wheat since the U.S. Department of Agriculture began keeping records nearly a century ago.

 

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Cereals, Sugar and Dairy Push the Index Higher

The FAO Food Price Index – a monthly trade-weighted index tracking international market prices of five major food commodity groups – averaged 179.1 points in July, its highest value since January 2015, marking a 2.3 percent increase from June 2017 and 10.2 percent rise from its level a year earlier.   Read[…]

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