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US: Wheat prices up amid war, expanding drought

Updated Nov 3, 2022
Wheat prices are high, and weather and market factors could make the crop an attractive option for Texas growers coming out of a severe drought, according to a Texas A&M AgriLife Extension Service expert.
Mark Welch, AgriLife Extension grain economist, Bryan-College Station, said uncertainty about accessibility to wheat around the globe has driven prices skyward, and emerging drought in wheat-producing areas of the U.S. could add to that trend. Recent rainfall across many parts of the state improved conditions for Texas wheat, Welch said. Some areas had adequate planting moisture following widespread August rains, but other areas remained too dry to support crop establishment or to plant. Some producers “dusted” crops in, planting seeds into dry soil, and hoped for rain, while others waited for moisture. The recent moisture could boost plantings, seed germination and crop establishment. Most Texas wheat is planted for dual-purpose - cool-season grazing and grain - or for grain production, Welch said. The value of wheat as a forage, either for grazing, hay or wheatlage, and as a grain crop could make the crop very attractive to producers this season. Welch said planted wheat acres ...
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