What can we expect from USDA’s Winter Wheat Seedings forecast?
The USDA will be releasing its Winter Wheat Seedings report tomorrow along with WASDE.
Looking at the estimates, all winter wheat is expected at 35.9 million acres, hard red winter wheat at 25 million acres, soft red winter at 7 million acres, and white winter wheat at 3.6 million acres.
The USDA’s Statistics Service explains what data the report is based on.
“The same survey of nearly 80,000 producers that we use to get final harvest results for our corn, soybeans, cotton, various crops in December is the same survey that we used to ask those same producers, ‘How many acres do you either do intend to steel plant because there’s a few acres still left?’ But, generally speaking, ‘How many acres did you plant this fall to your winter wheat crop that you’ll harvest in 2024?’ That becomes the basis of our estimate of winter wheat planted area for the 2024 season,” said Lance Honig.
Honig says it is still early in the season, though, in terms of reporting. The results of this report will be out tomorrow.