US Winter Wheat Production Estimate likely to Increase in June
The winter wheat crop condition index has slipped slightly since the May 2024 US winter wheat production estimate was published by USDA, but at 48% good or excellent, remains well ahead of the indices at the time in 2022 and 2023. Our winter wheat crop condition – yield model projects a yield of 52 bushels per harvested acre compared to the USDA’s May 2024 forecast of 50 bushels. The June Crop Production report has been scheduled for release June 12, 2024.
| US Winter Wheat ( Thousand Acres / Million Bushels) | |||||
| 2021 | 2022 | 2023 | 5/10/2024 | 2024 June Est | |
| Planted | 33,678 | 33,281 | 36,699 | 34,135 | 34,135 |
| Harvested | 24,612 | 23,454 | 24,683 | 25,198 | 25,198 |
| Percent | 73% | 70% | 67% | 74% | 74% |
| Yield Bu./Har. | 51.9 | 47.0 | 50.6 | 50.1 | 52.3 |
| Production | 1,277 | 1,103 | 1,248 | 1278 | 1318 |
| 2024 USDA May Estimate & June our yield projection. | |||||