Commodity slump hits US farmers


11 December 1998


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.

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