Saturday, May 8, 2010

Winter Wheat Production Down 3.7 Percent

With farmers planting 13 percent less acreage of wheat this year, the winter wheat production is projected to fall 3.7 percent, according to Informa Economics.

This year will bring in approximately 1.466 billion bushels of wheat, in comparison to the 1.523 billion bushels last year.

Yields should rise to about 46 bushels an acre from the 44.2 bushels an acres produced in 2009.

Harvests are up a little from estimates because of the increased bushels an acre. Spring and winter wheat should drop from 2.216 billion bushels in 2009 to 2.079 billion bushels this year, an increase from the 2.04 billion bushels estimated to come in.

Hard red winter wheat will rise over last year, bringing 964 million bushels, a gain from the 919 million produced last year.

Soft red winter wheat on the other hand will drop significantly from the 404 million bushels last year to 295 million bushels in 2010.