For the past couple of years, the USDA has reported fewer and fewer wheat acres planted nationwide. Much of the reduction is blamed on low wheat prices. In 2020 all-wheat acreage hit 44.3 million acres, the lowest on record in over 100 years. But, when looking at the year ahead," we have wheat acres expected to pick up almost two million acres next year," said USDA Chief Economist Rob Johansson.

He added an increase in acreage occurs when prices hit a certain level.

"Kansas City Wheat running above the last two years. We've got heard red cash prices over $6.50 a bushel right now, and prices at the high fives per bushel."

Johansson noted the price hikes are partly due to weather and production problems in several wheat-growing competitive countries. Johansson added U.S. wheat  acreage this next season will likely expand by about 1.7 million acres to 46 million. 

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