U.S. Farm Report Weekly Recap

US regional weather has affected crop yields significantly this year. Arkansas rice yields are down 25%, wheat drilling in Kansas hasn’t started yet due to lack of subsoil moisture, and North Dakotan wheat has lost some test weight and is retaining low moisture levels¬† leading to an expected 40-50 bushels per acre. Food prices are expected to rise next year, grocery store prices will rise between 3.5-4.5%, and bread and cereal product prices will rise more than expected.


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