STAT Communications Ag Market News

USDA Hikes Winter Wheat Projection

WASHINGTON - Aug 12/14 SNS -- Winter wheat production is forecast at 1.40 billion bushels, up 2% from the July 1 forecast but down 9% from 2013, according to the USDA's latest crop production forecast.

Based on August 1 conditions, the United States yield is forecast at 43.1 bushels per acre, up 0.9 bushel from last month but down 4.3 bushels from last year. The area expected to be harvested for grain or seed totals 32.4 million acres, unchanged from last month but up slightly from last year.

Harvest was virtually complete by the beginning of August in all Hard Red Winter States except Montana, where harvest was 22 percentage points ahead of normal. Yield forecasts were up from last month in Colorado, Nebraska, South Dakota, and Texas. If realized, the average yield in California will be a record high.

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