In 2023, the wheat production level in the US stood at an estimated 49.66 million metric tons. The forecast data from 2024 to 2028 indicates a gradual decline in production, from 49.14 million metric tons in 2024 to 47.11 million metric tons in 2028. The year-on-year variation shows a consistent decrease of around 1-2% annually. Over this five-year period, the compounded annual growth rate (CAGR) suggests an average annual decline in production levels.

Future trends to watch for include:

Climate change impacts influencing wheat yields.
Technological advancements in agricultural practices that could counteract declining trends.
Fluctuations in market demand and international trade policies affecting production incentives.