Remember....the wheat you eat this year was grown last year. Next year it will be much more scarce.
The USDA projects wheat production at just 21.7 million tonnes, 38% lower than the previous year and the lowest mark since a 20-million-tonne harvest in 2007-08. The average yield for all types of wheat is expected to fall more than 30% below the five-year average of 3.42 tonnes per hectare
Remember....the wheat you eat this year was grown last year. Next year it will be much more scarce.
The USDA projects wheat production at just 21.7 million tonnes, 38% lower than the previous year and the lowest mark since a 20-million-tonne harvest in 2007-08. The average yield for all types of wheat is expected to fall more than 30% below the five-year average of 3.42 tonnes per hectare
Canada: wheat stocks down 38% year over year.
https://www.world-grain.com/articles/16090-canadas-wheat-output-forecast-as-smallest-in-14-years