Winter wheat production is forecast at 1.19 billion bushels, down less than 1 percent from the June 1 forecast and down 6 percent from 2017. As of July 1, the United States yield is forecast at 48.0 bushels per acre, down 0.4 bushel from last month and down 2.2 bushels from last year’s average yield of 50.2 bushels per acre. The area expected to be harvested for grain totals 24.8 million acres, unchanged from the Acreage report released on June 29, 2018, but down 2 percent from last year. Read more…