supply and demand is enough to explain low prices. Last year there was a bumper crop and this year all signs point to record harvests (which are starting and so change is almost imposible).
tarrifs are not helping, but they have at most a tiny effect, the harvest is the big factor here.
The US government used to buy something like 10% of the entire US wheat harvest for international aid programs. Losing this, combined with a collapse in soy bean exports, are causing prices to fall.
The article is about corn and soybeans. there is very little overlap with wheat farmers since there is typically a lot more money in corn+soybeans. You grow wheat because your climate cannot grow corn.
supply and demand is enough to explain low prices. Last year there was a bumper crop and this year all signs point to record harvests (which are starting and so change is almost imposible).
tarrifs are not helping, but they have at most a tiny effect, the harvest is the big factor here.
The US government used to buy something like 10% of the entire US wheat harvest for international aid programs. Losing this, combined with a collapse in soy bean exports, are causing prices to fall.
The article is about corn and soybeans. there is very little overlap with wheat farmers since there is typically a lot more money in corn+soybeans. You grow wheat because your climate cannot grow corn.
This article, however, is not about tariffs.
Trade dispute of any form - it isn’t a significant factor.