USDA Pegs U.S. Wheat Harvested to Planted Ratio Lowest Ever

At the last USDA Ag Outlook Forum (AO), department economists indicated of the three main crops, wheat area is projected to increase the most in response to continued high global prices and tight U.S and global supplies, partially due to the ongoing war in Ukraine. Total wheat planted area for 2023/24 is projected at 49.5 million acres, up nearly 3.8 million acres from last year and the highest wheat area since 2016/17.