Bloomberg News

U.S. Wheat Harvest May Rise to 2.165 Billion Bushels, USDA Says

February 24, 2012

Feb. 24 (Bloomberg) -- U.S. wheat production may rise to 2.165 billion bushels, up from a five-year low of 1.999 billion last year, the U.S. Department of Agriculture said.

Farmers may yield 44.5 bushels per acre, the USDA said today in a report released at its annual Outlook Forum in Arlington, Virginia. U.S. plantings may total 58 million acres, 6.6 percent more than last year, the agency said yesterday. Rising production may boost domestic inventories to 957 million bushels before the harvest, according to the report.

--Editor: Daniel Enoch

To contact the reporter on this story: Whitney McFerron in Chicago at wmcferron1@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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