US wheat farmers facing effects of global grain oversupply
WASHINGTON, D.C.: Due to the current state of the U.S. market, winter wheat farmers in the Great Plains will be badly affected, and many could lose money despite potentially high crop yields after the end of three years of drought, which reduced yields and forced farmers to abandon farming wheat.
As cheap supplies from the Black Sea and Europe increased global stocks of the staple grain, U.S. wheat prices have p