Due to drought, farmers in Kansas are abandoning fields and claiming insurance. It is estimated that 19 percent of the acres planted last fall will be abandoned, up from ten percent last year.  A recent wheat tour suggested as much as a third of winter wheat will not be harvested with the state anticipating only 191 million bushels, the smallest harvest since 1963.

The Department of Agriculture projects that almost a third of planted winter wheat will be abandoned, reducing availability for both domestic consumption and for export.  Predicted lower ending stocks and reduced shipments from Ukraine will create higher demand and prices for wheat and will indirectly impact other grains including corn.