In the United States will sow the smallest in 100 years the number of winter wheat
Reuters, citing information from some of the experts reported that the area sown in winter wheat in the U.S. this year could be the lowest in the last 100 years. The main reason for this is the fall of grain prices and high competition on global markets. In particular, the sowing areas of solid chervonoarmyska winter wheat could be reduced by 5% of the index, which corresponds to the level of 1913.
it is Expected that in the current season world leader in wheat exports will be Russia which will move with the first steps the US and the EU in terms of sales on the background of a record grain harvest. In addition, the strengthening of the us dollar, which is observed in latest time, increase the competitiveness of cheaper Ukrainian and Russian wheat.
All this adversely affects the profits of American farmers. According to experts, in the state of Oklahoma, which is one of the largest producers of American winter wheat, the losses of farmers from growing this crop can be 55 $ per acre. It is likely that as a result, farmers will prefer growing canola, sorghum, corn and soybeans.