The USDA sees a bigger winter wheat crop this year with larger acreage canceling out a smaller yield.
Production is currently expected to be 1.13 billion bushels, 2% more than last year, with a 21% jump in soft red winter to 405.754 million bushels canceling out a 3% decline in for hard red winter to 514.297 million and 11% drop in white winter at a combined 210.364 million bushels.
The average yield is seen at 44.7 bushels per acre, 2.3 less than a year ago, with harvested area expected to rise 1.8 million acres.
