USDA Forecasts Higher Winter Wheat Production, Wheat Futures Fall
The USDA reported winter wheat production at 1.02 billion bushels, exceeding analysts' forecasts of 987 million bushels. This news contributed to a 2% drop in CBOT wheat futures.
CBOT wheat futures are down 2% after the USDA published its quarterly grain stocks report and updated wheat production figures. 02 billion bushels.