Winter Wheat Crop in poor Condition – 04/19/2022
The USDA rated just 30% of the US winter wheat crop in good or excellent condition on 04/17/2022 which is near the bottom of mid April ratings over the last 30+ years of available mid April data. We forecast the 2022 US winter wheat crop at just over 1.2 billion bushels based on mid April data compared to the 1.28 billion bushel crop reported for 2021.
Winter wheat planted area assumed at 34.2 million acres based on March 2022 Prospective Plantings survey.