KANSAS WHEAT CROP 25% OF NORMAL - THAT REPRESENTS A HARVEST OUTPUT DROP OF 75%
Just thought I would pass on the results of a phone call I had with my sister who still lives in Kansas.
We come from a farming family and naturally any conversation ends up talking about farming. I asked her recently how the Wheat harvest was going. She said it was done in her area by the end of June, normally it's the first week of July.
The reason it was done so quickly is that the crop was 25% OF NORMAL.
That's a 75% drop in output.
Wheat is going to go higher.
Jul 23, 2014