In its June 11 World Agricultural Supply and Demand Estimates report, the USDA forecast all U.S. wheat production in 2014 at 1.942 billion bushels, down 1% from 1.963 billion bushels forecast in May and down 9% from 2.13 billion bushels in 2013. The WASDE forecast uses survey-based numbers for winter wheat and trend data for spring wheat.
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