Total Farm Marketing Senior Market Advisor Naomi Blohm said wheat was the big story from the USDA supply/demand report. “The USDA for the new crop wheat came in at 1.561 billion bushels, down from 1.9 a year ago.” That would be the lowest wheat production total since 1972. “Due to lower acres and lower yield, that winter wheat crop just zapped, and so that’s why the production number was so low.”
