The USDA is projecting a larger wheat crop in 2023.
The combined crop is seen at 1.812 billion bushels, 10% above 2022 with higher planted and harvested area and average yield estimates. This year planted area was 49.575 million acres with harvested area of 37.272 million and an average yield of 48.6 bushels per acre. In 2022, planted area was 45.768 million bushels with harvested area of 35.485 million and an average yield of 46.5 bushels per acre.
