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Winter Wheat Production Up 6 Percent from May Orange Production Up Slightly from May

Winter wheat production is forecast at 1.51 billion bushels, up 6 percent from the May 1 forecast and up 10 percent from 2015. Based on June 1 conditions, the United States yield is forecast at 50.5 bushels per acre, up 2.7 bushel from last month and up 8 bushels from last year. If realized, this will be the highest yield on record for the United States.

 Hard Red Winter production, at 938 million bushels, is up 9 percent from last month. Soft Red Winter, at 355 million bushels, is down less than 1 percent from the May forecast. White Winter, at 214 million bushels, is up 3 percent from last month. Of the White Winter production, 19.0 million bushels are Hard White and 195 million bushels are Soft White.

The United States all orange forecast for the 2015-2016 season is 5.83 million tons, up slightly from the previous forecast but down 8 percent from the 2014-2015 final utilization. The Florida all orange forecast, at 81.4 million boxes (3.66 million tons), is up slightly from last month’s forecast but down 16 percent from last season’s final utilization. Early, midseason, and Navel varieties in Florida are forecast at 36.1 million boxes (1.63 million tons), unchanged from last month but down 24 percent from last season’s final utilization. The Florida Valencia orange forecast, at 45.3 million boxes (2.04 million tons), is up 1 percent from last month but down 9 percent from last season’s final utilization.

Florida frozen concentrated orange juice (FCOJ) yield forecast for the 2015-2016 season is final at1.41 gallons per box at 42.0 degrees Brix, unchanged from the previous month’s forecast but down 6  percent from last season’s final yield of 1.50 gallons per box. The early and midseason portion is final at 1.35 gallons per box, down 5 percent from last season’s final yield of 1.42 gallons per box. The Valencia portion is final at 1.47 gallons per box, down 1 percent from the previous forecast and down 7 percent from last year’s final yield of 1.58 gallons per box. All projections of yield assume the processing relationships this season will be similar to those of the past several seasons. 


Source: USDA WASDA


Trending Video

Grain Markets - Darin Newsom

Video: Grain Markets - Darin Newsom

Between harvest being in full swing and new strikes happening in shipping ports on in the gulf and on the east coast, there were a lot of current events testing the markets this week. Joining us this week to discuss those trends is Barchart Senior Analyst Darin Newsom. Here is our conversation from Thursday morning.