US farmers plan to grow more wheat in 2019

After the debacle in the trade dispute between the US and China, soybean prices in the US have fallen below production costs. This is having an impact on the cultivation plans of farmers in the Midwestern United States.
In this agricultural belt, farmers want to grow more corn and wheat in the 2019 season to reduce dependence on soybean exports to China.
Farmers receive spot prices of $ 7.1 / bushel for soybeans, with production costs at $ 8.5 / bushel this year's record harvest. They are caught up in a very unfavorable time with the trade dispute, as they increased the acreage to 89,145 acres 15 million more than in 2017. With very high yields, a harvest is expected that the USA has not yet brought in.
As wheat prices are higher this year and bring in quite substantial contribution margins, the US wheat area will rise noticeably at the 2019 harvest.

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