The USDA increased its ending stocks projection for U.S. wheat. Domestic 2024/25 wheat ending stocks are now pegged at 819 million bushels, up 25 million from February with the USDA raising imports and cutting exports, while lowering the price outlook $.05 to $5.50 per bushel. The average farm price for 2023/24 was $6.96 per bushel. […]
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