It is the lowest level for the past 34 years, which is determined by a number of factors. The main one among them is the higher profitability of soybeans and corn.
As a result, in 2017 - 2018, the winter wheat yield in the US will amount to 34 million tonnes, he lowest level from 2002 until now. The average yield will be 48.3 bushels/acre , given 55.6 bushels /acre in the current season. US wheat ending stocks in the new season will reach 24.5 million tonnes, which is the lowest level for the past three seasons.