All wheat production is pegged at 1.734 billion bushels, a reduction of five million from July, with a fractionally lower yield guess, now at 45.8 bushels per acre, against slightly higher planted and harvested area numbers, at 49.8 million and 37.9 million acres, respectively. In 2022, all wheat production was 1.65 billion bushels with an average yield of 46.5 bushels per acre on harvested area of 35.5 million acres.

The USDA increased the outlook for winter wheat, while lowering expectations for spring wheat.

…