Low wheat prices likely mean planted acreage around the state will remain static or drop slightly. Wheat producers globally were expected to provide an overabundance of the commodity, which should keep prices low for the foreseeable future. It’s tough to make money in wheat right now. Until someone has a natural disaster or the other producing regions of the world begin cutting back acreage, it’s likely that we won’t see prices improve. Texas producers planted 4.7 million acres of wheat for grain production and grazing last year. It was the lowest planted acreage for the state since 1973. In 2017, U.S. wheat producers were on track to plant the fewest acres since the U.S. Department of Agriculture began keeping records in 1919. Meanwhile, Russia is anticipating excess wheat production.