At the beginning of 2018, the United States Department of Agriculture was estimating an all-time high for wheat carryover — surplus wheat around the globe, reports The Hutchinson News.
Greater supply than demand drives down prices. Then Kansas wheat had a rough year, suffering drought, freeze damage and more, but it may have come with a silver lining.
Wheat harvested across the state was reported between 12% and 13% for protein content, with some truckloads reporting as high as 15%, according to harvest reports from the Kansas Wheat Commission.
Mixing high protein wheat with carry-over wheat lower in protein raises the protein percentage of the whole batch, making it more attractive to mills. Wheat with a protein level 12% or higher brings better prices because it can be used to make bread.
Read the full report here.
