USDA: Drought cuts wheat crop; corn, soybeans good

St. Louis Post-Dispatch: DES MOINES, Iowa (AP) — The nation's wheat crop is smaller than earlier was predicted due to drought, but corn and soybean crop expectations have changed little in the last month, the U.S. Department of Agriculture said Wednesday.

Agency reports show farmers producing 1.38 billion bushels of winter wheat, down 2 percent from a month ago and 10 percent from last year. Hard red winter wheat, the type often used to make bread, is down 3 percent from last month's estimate to 720 million bushels.

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