US summer wheat yields below 5-year average

In the US state of North Dakota, summer wheat yields are better than a year ago but worse than the 5-year average. The scouts report this on the second day of a field visit tour.
The state is the largest producer of hard-protein high-protein winter wheat. Summer wheat accounts for around ¼ of total wheat production in the US. It is mixed with wheat of lower quality levels.
Wheat in high quality grades is being sought worldwide, because in the US last year a bad harvest came together due to a drought and currently only small harvests are being introduced in Europe and the Black Sea.
Yesterday, wheat futures prices rose 5-6%.
On the second day of the three-day field tour, an average yield of 41.3 bushels per acre (bpa) was calculated from 135 fields. In 2017, it was 35.8 bpa and the 5-year average is 44.7 bpa.
Text: HANSA Derivatives Trading GmbH /

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