(Bloomberg) -- U.S. farmers may harvest less wheat
than the government forecast last month as wet weather in the
Great Plains cuts yields, analysts said. Estimated corn output
may rise after farmers boosted acreage.
The U.S. Department of Agriculture tomorrow will project a
wheat crop of 2.145 billion bushels, down 1.1 percent from its
June forecast, according to the average estimate of 13 analysts
surveyed by Bloomberg. A crop of that size would be 18 percent
bigger than last year and the largest in four years. The
forecast is the USDA's second this year based on a field
survey.
Read more at Bloomberg Commodities News
than the government forecast last month as wet weather in the
Great Plains cuts yields, analysts said. Estimated corn output
may rise after farmers boosted acreage.
The U.S. Department of Agriculture tomorrow will project a
wheat crop of 2.145 billion bushels, down 1.1 percent from its
June forecast, according to the average estimate of 13 analysts
surveyed by Bloomberg. A crop of that size would be 18 percent
bigger than last year and the largest in four years. The
forecast is the USDA's second this year based on a field
survey.
Read more at Bloomberg Commodities News
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