date:May 10, 2016
wheat slid 55 cents from mid-April prices to $4.63. Soft winter wheat is grown in the eastern corn belt of Illinois, Indiana, Ohio and Kentucky. Kansas City July futures for hard red winter wheat fell 57 cents to $4.52. Hard red winter wheat is grown in the Central Plains.
Only Minneapolis spring wheat, grown in the Dakotas, was trading at a premium of $5.40, according to analysts.
There are some disease issues, but with prices so low, farmers plant more, and we have a huge ending stock. With