Bloomberg – U.S. winter-wheat production in the year that starts on June 1 will be less than forecast by analysts after the worst drought since the Dust Bowl era did more damage than expected to crops in the southern Great Plains. Output may total 1.486 billion bushels, the U.S. Department of Agriculture said today in a report. Analysts in a Bloomberg survey forecast 1.494 billion bushels, on average. Production was 1.645 billion last year, USDA data show. Hard, red winter varieties grown in the southern Plains and soft, red winter grain sown in the Midwest account for about 70 percent of U.S. wheat output. Read Article
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