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.
USDA winter wheat guess higher
