The USDA has increased its expectations for the 2023 winter wheat crop.
Production is projected at 1.206 billion bushels, a jump of 6% from the June guess following a higher yield estimate, up 2 bushels per acre to 46.9, and 9% more than in 2022, on a rise in acreage. 2023 harvested area is seen at 25.7 million acres, compared to 23.459 million a year ago.
The hard and soft red winter crops are both up on the month and the year despite the widespread drought in the central and southern U.S.
