Wheat futures rise as USDA forecasts U.S. wheat output at lowest since 1970 (WEAT:NYSEARCA)


Road through wheat field

Toltek/iStock via Getty Images

U.S. wheat futures rallied Friday after the Department of Agriculture moved its latest wheat production forecast lower, projecting the smallest amount of wheat grown in the U.S. since 1970.

In its monthly WASDE report, the USDA projected U.S. wheat output for



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