Commodity slump hits US farmers
US farmers, particularly in the northern plains states, are suffering badly from the slump in agricultural commodity prices.
Wheat accounts for 40% of production in some of these states.
Wheat prices are trading at around 280¢ a bushel on the Chicago Board of Trade, down from 370¢ at the beginning of the year.
- Latest US reports on FWi
- Chicago Board of Trade prices and commentary
- Financial Times 11/12/98 page 18, page 20 (Lex), page 21, page 30