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Department of Agriculture 's July supply and demand report released on Tuesday showed that.
all - wheat production was raised 44 million bushels, compared with analysts' expectations for an increase of 7 million bushe.
All.
wheat production forecast raised 44 million bushels
wheat production forecast raised 44 million bushels
The USDA this month raised its 2022/23.
all-wheat production forecast to 781 billion bushels, up from the June forecast of 737 billion bushels and above the average analyst estimate of 744 billion bushels, within the range of analysts' estimat.
High end of 567 billion to 805 billion bushe.
all-wheat production forecast to 781 billion bushels, up from the June forecast of 737 billion bushels and above the average analyst estimate of 744 billion bushels, within the range of analysts' estimat.
High end of 567 billion to 805 billion bushe.
The latest production forecast is 2% higher than the 2021/22.
wheat crop of 646 billion bushe.
wheat crop of 646 billion bushe.
Winter wheat output up 18 million bushels
By variety, winter wheat production is forecast at 2 billion bushels, up 2 percent from the June forecast of 182 billion bushes but down more than 6 percent from 277 billion bushels in 202
Analysts' forecast for winter wheat production was raised by 6 million bushels to 188 billion before the repo.
The.
Department of Agriculture said the.
winter wheat yield was forecast at 40 bushels per acre as of July 1, down 2 bushels from last month and down 2 bushels from last year's average of 52 bushels per ac.
Department of Agriculture said the.
winter wheat yield was forecast at 40 bushels per acre as of July 1, down 2 bushels from last month and down 2 bushels from last year's average of 52 bushels per ac.
USDA's forecast for hard red winter wheat production is forecast at 585 million bushes, up 1 percent from last month, but down from 749 million bushels the previous year and below analysts' forecast of 586 million bush.
Soft red winter wheat is estimated at 376 million bushes, up from last month's forecast of 358 million bushes and up from 361 million bushes last ye.
Analysts had expected 364 million bushe.
Analysts had expected 364 million bushe.
Durum production is forecast at 72 million bushels, up 107% from 2021; yields per acre average 43 bushels, up 10 bushels from 202
.
new wheat stocks up 12 million bushels
new wheat stocks up 12 million bushels
USDA expects new crop wheat ending stocks at 639 million bushes, up from 627 million in June, and analysts expect stocks to rise to 644 milli.
Old crop wheat ending stocks were unchanged at 660 million bushes, slightly above the June forecast of 655 million bushe.
.
farm prices for 2022/23 wheat were lowered 25 cents to $150 a bush.
farm prices for 2022/23 wheat were lowered 25 cents to $150 a bush.
Global wheat ending stocks are raised slightly
The.
Department of Agriculture forecast global wheat ending stocks at 2652 million tons, up from the June forecast of 2685 million tons and in line with expectatio.
Department of Agriculture forecast global wheat ending stocks at 2652 million tons, up from the June forecast of 2685 million tons and in line with expectatio.
