(USDA) The US Department of Agriculture showed a decrease in winter wheat production and yield forecasts in its latest Crop Production Report. USDA’s Rod Bain dives into specifics.
“The agriculture department… noted a 4% decrease in forecasted production of winter wheat crop from the previous month. This would contribute to a projected 29% year over year decrease in winter wheat production. Yield forecasts were also slightly lower from June, down 0.1%, leading to an over 8% lowering in crop yield from the prior year. If the 46.7 bushel per acre yield forecast holds, that would be the lowest winter wheat yield total since 2015. Notable monthly production forecast reductions are recorded for red winter wheat. 5% for hard red, 4% for soft red.”
