The USDA has raised its estimate for the 2021 U.S. winter wheat crop.
Production is now seen at 1.309 billion bushels, up 26 million from May, on a more than 1 bushel per acre rise in the average yield estimate, expecting record yields in Missouri and Montana. Average yield is expected to be 53.2 bushels per acre, compared to 52.1 a month ago and 50.9 a year ago, with 2021 harvested area of at 24.612 million acres, compared to 23.024 million in 2020.
