HomeMarket NewsUS Wheat Prices Plummet as USDA Reveals Surplus Stock Levels

US Wheat Prices Plummet as USDA Reveals Surplus Stock Levels

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Road through wheat field

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The price of wheat futures in the U.S. plummeted to a three-year low on Friday following the release of data from the Department of Agriculture, which revealed higher domestic production and stockpiles than were expected by analysts.

In its Quarterly Grain Stocks and Small Grains Summary, the USDA reported that the countryโ€™s wheat harvest

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