Analysts expect a slight reduction in USDA’s winter wheat production estimate Wednesday morning.
On average, via Dow Jones Newswires, analysts see the winter wheat crop at 1.668 billion bushels, down from 1.684 billion in June but above the 2011 total of 1.494 billion.
Hard red winter is pegged at 1.010 billion bushels, compared to 1.024 billion last month and 780 million last year.
The soft red winter crop is estimated at 426 million bushels, compared to 429 million a month ago and 458 million a year ago.
White winter production is projected at 229 million bushels, compared to 231 million last month and 256 million last year.
Total U.S. wheat production, including the spring crop, is seen at 2.253 billion bushels, compared to June’s guess of 2.234 billion and the 2011 final of 1.999 billion.
The numbers, along with the supply and demand update, are out Wednesday, July 11 at 7:30 AM Central.
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