A week ago we took a peek at what the U.S. wheat production and balance sheet might look like in the 2013/14 marketing year. Today we take a look at what world production might look like from our vantage point. The table below compares USDA's latest 2012 world wheat production numbers with our early guess for 2013. Conditions throughout most of the world's primary wheat production regions appear to be better than they were last year. We caution that last year's production troubles didn't surface until late in the Northern Hemisphere's winter wheat production cycle in late May and June.We do have some comments on these projections: We focused on the poor production prospects for the U.S. hard red winter wheat crop last week and how we...

TAGS – Feed Grains, Wheat, Farm Inputs, Australia, North America