Suppose that production of wheat is a perfectly competitive

Suppose that production of wheat is a perfectly competitive market / industry. If currently for a large number of producers the price of wheat is less than average total costs but greater than average variable cost (P < ATC & P > AVC), are these firms making a profit? What will happen in the long-run to these producers and thus the market / industry in terms of their profits / losses? Explain your answer by reference to specificmarket rules and to the adjustment process.