October 1, 2019 9:53 am
This year’s U.S. wheat crop should be larger than last year. The USDA projects all wheat production at 1.962 billion bushels, with winter wheat leading the way on expectations for a higher average yield to cancel out lower acreage totals. Spring wheat production is expected to be below a year ago, with lower acreage numbers and a steady average yield. The USDA says the numbers are tentative because of spring wheat harvest delays and quality concerns, along with a slow start to winter wheat planting. Read more.