Wheat harvest starting to roll this past weekend as hot, dry weather pushed the crop toward maturity, curbing yields while boosting test weights and protein levels, according to a report from the Kansas Wheat Commission and Kansas Association of Wheat Growers. Harvest was reported as far west as Meade County and as far north as Mitchell County. Test cutting began a week ago with variable yields relative to farmer expectations given the weather this year.
Today, the USDA said Kansas wheat production would fall to 270 million bushels, down from 334 million a last year. The average yield forecast at 37 bushels an acre, unchanged from the May forecast and down from an average of 48 bushels a year ago. It would not be surprising to see the USDA production come down when more fields are measured and the number of acres abandoned is increased in future reports. HRW wheat futures jumped more than 20 cents in Chicago after the USDA slashed its forecast for Russia’s wheat harvest and the Australian government cut is crop forecast today.