US Wheat Supply & Demand by Class
NASS in its July production report is expected to lower US all-wheat production slightly relative to WASDE’s current estimate. ARC projects US all-wheat production at 1,851 Mil Bu, vs. USDA’s current 1,877 Mil Bu and vs. 1,920 Mil in 2019. The downgrade will be a function of a lower HRW crop. Total US winter wheat…