Reading Time: 2 minutes Farms in the U.S. continued to get larger and the number of farms fell between 2017 and 2022, new data released by the U.S. Department of Agriculture showed on Tuesday.
Number of acres in production falls by 20 million
Market keeps eye on South American weather
Cold weather beneficial; harvested area, yields steady
Wheat futures higher on bargain buying, short covering
Falling Russian prices weigh over wheat futures; U.S. poised to regain title of top corn exporter
World wheat carryout estimate downgraded, but well above previous year
Easing heat wave in Argentina tempers crop worries
Recent hot spell in Argentina may have eroded potential corn yields
Wheat futures rose while corn ended lower on forecasts for rain in Argentina
Strong dollar weighed heavy on wheat; corn pressured by sluggish exports