Wheat crops damaged by drought are seen during an annual winter wheat tour, near Colby, Kansas, U.S., May 13, 2025. Photo: Reuters/Emily Schmall

‘Amber waves of grain’ recede in America’s heartland as wheat farmers struggle

Midwestern farmers abandoning wheat crops as profits recede, weather challenges

The Great Plains have long been celebrated for the “amber waves of grain” in the popular hymn “America the Beautiful.” The region’s states produce most of the U.S.-grown crop of hard red winter wheat, favored by bakers for bread. But with prices hovering around $5 (C$6.86) per bushel, U.S. wheat farmers have reached an inflection point, with many forced to either lose money, feed wheat to cattle or kill off the crop.





Have the wheat bear markets run their course?

Have the wheat bear markets run their course?

It looks like the worst of the bear market is over; additional moderate losses can’t be ruled out, but deep declines are unlikely

Wheat futures keep trying to rally. Time after time, the rallies fail. The markets seem stuck in low-level ruts.


Photo: Dave Bedard

Wheat heading, world flush with supply

Weather across the U.S. will have a larger influence on prices through the growing season

Below average temperatures in early June delayed Ontario corn and soybean development. Precipitation levels were considered average. Warmer temperatures were needed to advance crop development and enhance yield potential.