The USDA says this year’s winter wheat crop will be smaller than last year, while spring wheat production should be larger.
Production is projected at 1.201 billion bushels, which is up 2% from June as harvest moves forward, but down 6% from 2021 due to lower average yield and acreage totals. The average yield is pegged at 48 bushels per acre, compared to 48.2 a month ago and 50.2 a year ago, with harvested area of 25.002 million acres, compared to 25.464 million last year.
