During an NDSU Extension monthly ag markets webinar, Extension Crops Economist Frayne Olson reviewed the USDA Supply and Demand Report. Olson says there were no major surprises. “We got new information about spring planted wheat. The size of the projected spring wheat crop is a surprise. That spring wheat crop projection is wide, we reached a mid-point in-between.” Olson says there are surprises with North Dakota spring wheat production number. “When you look at what USDA is forecasting for an average yield in the state, USDA was at about 51 bushels/acre. If we look back at 2019 and 2020, we were about 49 bushels/acre. Right now, USDA is forecasting an average wheat yield. I think it does make sense given the information we have today.”
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