U.S. Wheat Production Hits Decades-Long Low

Line on Agriculture
The U.S. wheat harvest has been severely impacted by extreme heat and dry conditions, as reported by the National Agricultural Statistics Service. The July crop production report forecasts a yield of 46.7 bushels per acre, a slight decrease from last month and a significant 14.9% drop from the previous year. Production is expected to be 990 million bushels, the lowest since 1963.