While there isn?t a lot of wheat in the state of Iowa, there is some. However, no matter how much wheat we produce in our state, wheat has a pretty big influence on the temperament our corn and soybean markets have on any given day. Their wins and losses tend to take everybody along for the ride.
Mother Nature has been wreaking havoc on U.S. wheat production while Ukrainian wheat is not moving anywhere. This puts a lot of pressure on U.S. producers.
Wheat calls the western and southern plains home. While Iowa has been getting rain, the wheat-growing areas have not seen very much relief. In fact, the drought and high winds are forcing some producers into tough decisions. Cody Creech is with the University of Nebraska Extension. He talks about the stresses being seen just to our west.
Winds have been the bigger story in places further west, like Colorado and Wyoming. Lauren Kubelka is a National Weather Service Meteorologist in the Western Plains. She talks about the high winds being seen in places like Wyoming, and that there is little to no relief in sight.
Many producers are thinking about plowing up their fields and trying to plant something else to make a profit this year. But Cody Creech says to just hold off and see if any timely rains develop. The new wheat hybrids are more drought tolerant than varieties of the past. At these prices, you would hate to plow your profits under.
