Wheat acres down 7% from the final 2013 area.

Total production estimated at 1.942 billion bushels.

Corn rated 75% good to excellent versus 63% a year ago.

Corn reached five-year average, ahead of last year’s pace.

About 73% if the crop planted as of May 18

Designed to help improve production, processing and value-added uses for cereals, oilseeds and pulses through research.

The crop is 18% emerged, ahead of last year but below the 25% five-year average.

A grain yield reduction is expected to be lower in the 2014-15 season.

Declines in hard red winter wheat states offset gains in soft red winter wheat states.

Farmers intend to plan 24,766,000 acres of all wheat in 2014, down 5% from last year.