U.S. winter wheat farmers plant into dust as Plains drought persists

With planting roughly halfway complete, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said.

Planting plans may be scaled back in the U.S. breadbasket despite historically high prices for this time of year, reflecting rising global demand and thin world wheat supplies projected to end the 2022/23 marketing year at a six-year low. The tight supplies have been exacerbated as the conflict in Ukraine has disrupted grain exports from the Black Sea region.

The drought...