The waves of grain rippling across America’s heartland lost a little luster this week. Investors are thinking that global production will be a bit higher in the near future per Agrimoney, based on estimates coming out of Russia and the United Nations Food and Agriculture Organization (Prices were also hurt by concern that some end users may back away from US wheat contaminated with an unpleasantly named infection known as vomitoxin, which can infect wheat grown in wet conditions.). Further, the same strong dollar that’s holding back other US exports is prices for wheat. The US is one of the world’s top exporters of the grain.
