By SIMON CONSTABLE
A blistering drought across vital U.S. farmland looks set to destroy the crop of spring wheat this year if rain doesn’t arrive in the next few weeks. Without that much-needed moisture, prices for the grain could easily rally by more than 30%, experts say.
“We are going to have an extreme shortage of high-quality wheat,” Shawn Hackett, president of financial firm Hackett Financial Advisors, told Barron’s. “We are not seeing anything good in key growing areas.” Read more here.
Photo by Polina Rytova on Unsplash
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