World farmers to grow slightly more wheat in 2011: report

Reuters: The world's farmers will grow only slightly more wheat in 2011, the Canadian Wheat Board said on Friday, even as food inflation spurred protests this month and pumped up grain values. In its first market outlook of 2011, the Wheat Board said that despite attractive prices, global wheat production will be reined in by ongoing concerns about drought in Russia and potential flooding in Canada, as well as high prices of competing crops ahead of planting season in the Northern Hemisphere. "In terms......

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