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Wheat Prices Plummet as Corn Harvest Soars

8/13/2025

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Summary

Story summary

Wheat prices have plummeted to historic lows, weighed down by surplus stocks, as noted by economist Randy Fortenbery from Washington State University. In contrast, the USDA anticipates a bumper corn harvest of 16.7 billion bushels, igniting discussions for broader market opportunities. Meanwhile, livestock prices are on the rise, fueled by robust beef demand and increasing cash cattle prices.

History

Historical Context

The global food crisis of 2008 saw wheat prices surge to $13.50 per bushel, driven by factors like climate change and rising demand. The U.S. Department of Agriculture noted wheat production at 2.5 billion bushels that year. Currently, falling wheat prices due to surplus stocks highlight ongoing market volatility, emphasizing the need for sustainable agricultural practices to ensure future food security.

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Story summary

Wheat prices have plummeted to historic lows, weighed down by surplus stocks, as noted by economist Randy Fortenbery from Washington State University. In contrast, the USDA anticipates a bumper corn harvest of 16.7 billion bushels, igniting discussions for broader market opportunities. Meanwhile, livestock prices are on the rise, fueled by robust beef demand and increasing cash cattle prices.

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