President Joe Biden is promising to boost U.S. production of wheat to offset the loss of Ukrainian and Russian exports from the Black Sea thanks to Russia’s invasion of Ukraine that has shut down the ports there, stating at a farm in Illinois on May 11 that he would extend crop insurance for farmers who double crop in a bid to get more wheat to market this year.
Read MoreCommentary: Biden Promises More U.S. Wheat Production to Combat Loss of Ukrainian, Russian Wheat Exports, Despite U.S. Wheat Production Being Down 15 Percent Since 2019
