All wheat number was above the average trade expectation of 1.972 billion bushels.

Corn in all positions was up 39% from the previous year.

Index for bread falls 1.2% in May.

Family flour price falls for third straight month.

Total production estimated at 1.942 billion bushels.

Drought conditions continue to hurt the Great Plains.

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

Production up 0.9% from same period in 2013