Market News & Headlines >> Winter Wheat Crop Seen Up
USDA is expected to peg U.S. all-winter wheat production 6.7% above a year earlier when it releases its first survey estimate of the 2015 crop on Tuesday morning.
Trade estimates of all-winter wheat production average 1.470 billion bushels in a range from 1.388-1.526 billion compared with last year’s 1.378 billion bushel crop, according to a survey of 19 analysts by Reuters News Service. Pre-report estimates of hard red winter wheat production average 845 million bushels in a range from 735-925 million versus last year’s output of 738 million bushels.
Expectations for soft red winter wheat production average 420 million bushels in a range from 380-480 million against last year’s 455-million-bushel crop. The trade estimates of white wheat production average 205 million bushels in a range from 175 to 300 million compared to last year’s 184 million bushels.
Forecasts for U.S. all-wheat output average 2.096 billion bushels in a range from 2.003-2.178 billion versus the 2014 crop of 2.026 billion bushels.