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US Wheat Plummets
- U.S. wheat production is forecast at 1.56 billion bushels in 2026, a 21 % drop and lowest since 1972.
- Kansas rates 58 % of its wheat “poor” or “very poor” as of May 17, worst rating since the 2023 drought.
- USDA reports planting 32.4 million acres, harvesting 22 million acres, leaving about 32 % of the 2026 crop abandoned.
- Rising diesel and urea fertilizer costs, plus limited bridge payments from President Donald Trump, give farmers modest relief.
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