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Report: Winter Wheat Forecast Revised Downward

Associated Press - June 11, 2014 12:25 pm

Another class action lawsuit has been filed against seed giant Monsanto over last month's discovery of an isolated field of genetically engineered wheat in Oregon.

The latest government snapshot shows the Agriculture Department has revised downward its forecast for the nation’s drought-stricken winter wheat crop.

The National Agricultural Statistics Service estimated on Wednesday that farmers will bring in 2.38 billion bushels of winter wheat. Their forecast is down 2 percent from a month ago and 10 percent from last year.

An even bigger drop was estimated for the nation’s hard red winter wheat crop, the type grown primarily to make bread. The government pegged that estimate at 720 million bushels, down 3 percent from a month ago.

Kansas has been hit hard by drought and recent rains have come too late to help the wheat. The government now estimates the Kansas crop at 243.6 million bushels, down from 260.4 million bushels forecast a month ago.

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