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US wheat crop drops,corn andsoy production unchanged

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Publish time: 17th June, 2014      Source: www.cnchemicals.com
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June 17, 2014

   

   

US wheat crop drops,corn andsoy production unchanged

   
   
   
The US wheat crop is smaller than earlier prediction due to drought, while expectations for corn and soybean crophave changed little in the latest report from the US Department of Agriculture.
   
   
The monthly update released Wednesday shows farmers producing 2.38 billion bushels of winter wheat, down 2% from a month ago and 10% from last year.
   

   

Farmers are expected to produce a record 13.9 billion bushels (353 million tonnes) of cornand 3.6 billion bushels (97.98 million tonnes) of soybeans, both unchanged.

   

   

A cool wet start to planting season improved as May progressed and the USDA says corn crop conditions are better than any time since 2007 in the Corn Belt.