Smallest Wheat Crop Since 1957 in Oklahoma Just Got Smaller- 51 Million Bushels is July EstimateFri, 11 Jul 2014 12:22:57 CDT
The 2014 Oklahoma Wheat Crop continues to shrink, with the July USDA Crop Production Report showing a 14% percent drop in the crop from the June first forecast of USDA. In June, Uncle Sam called it a 59.4 million bushel crop, but in the Friday July 11th report, NASS has dropped the production number down to 51 million bushels. Two factors came into play for the July first smaller figure. First, it was signaled at the end of June in the Acreage Report from USDA that final harvested acres are now predicted to be just three million acres, which was off 300,000 acres from the June forecast- more acres were abandoned than was first thought by USDA officials. That number was used in the computation for the July first estimate. The second factor that caused the more than eight million bushel reduction was the drop in bushels per acre to 17 bushels per acre, a bushel down from the June forecast.
The bushels per acre yield of 17 bushels matches the yield seen in 1967, while the overall production estimate is the smallest since Oklahoma raised just 43 million bushels in 1957.
It's not just Oklahoma that is seeing a reduction in wheat production- Kansas has also had their yield shaved by one bushel per acre- and that has resulted in the Sunflower State crop to be also shaved by 8.4 million bushels to 235.2 million bushels, based on a yield of 28 bushels per acre on 8.4 million acres harvested.
Texas actually improved on the size of their crop- with more acres to be harvested than was thought back in June- NASS now expects the Texas wheat harvest to have combines rolling across 2.2 million acres- up from 1.9 million acres predicted in June- the yield of 25 bushels per acre was left and that raised the Texas harvest to 55 million bushels.
Nationally, winter wheat production is forecast at 1.37 billion bushels, down 1 percent from the June 1 forecast and down 11 percent from 2013. Based on July 1 conditions, the United States yield is forecast at 42.2 bushels per acre, down 0.2 bushel from last month and down 5.2 bushels from last year. The area expected to be harvested for grain or seed totals 32.4 million acres, unchanged from the Acreage report released on June 30, 2014 but up slightly from last year.
Hard Red Winter production, at 703 million bushels, is down 2 percent from last month. Soft Red Winter, at 458 million bushels, is up 1 percent from the June forecast. White Winter, at 206 million bushels, is up slightly from last month. Of the White Winter production, 10.6 million bushels are Hard White and 196 million bushels are Soft White.
Click here for the complete Crop Production Report from USDA as released Friday morning, July 11.
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