date:Jul 05, 2013
long term demand development for not only the US, but the global wheat market. Production expectations are rising for Chicago wheat in the US with some traders now suggesting it could reach 550 million bushels, helping to offset the rising export and feed what demand.
A private grains analyst estimated the US wheat production at 2.016 billion bushels vs. the current USDA forecast of 2.080 billion.
Most of the decline was seen in the spring wheat market with production estimated at 482 million