The U.S. is expected to produce a smaller wheat crop in 2021, with an increase for winter wheat due to higher acreage and better yields canceled out by a big decrease for spring because of ongoing drought in the northern and northwestern U.S. Plains.

The USDA sees winter wheat at 1.364 billion bushels, 4% higher than the June guess and 16% more than 2020, with an 4% year to year rise for hard red winter and to 804.6 million bushels an 8% jump for soft red winter at 362.017 million cancelling out a 2% loss for white winter to a combined 197.588 million bushels.

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