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USDA reduced its wheat production forecast for Russia

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Author:

Consulting Agency UkrAgroConsult

UkrAgroConsult

Wheat

In USDA’s January report, the forecast for 2019/20 wheat production in Russia was reduced by 1 MMT against its December report. Correspondingly, the estimate for Russian wheat exports was cut by the same 1 MMT. At the same time, the forecast for wheat exports from Ukraine was increased by 0.5 MMT, reports UkrAgroConsult.

Corn

The estimate for Russian corn production was lifted by 0.5 MMT.

Barley

The forecast for barley exports from Ukraine was raised by 0.5 MMT.

The grain production and export estimates for Kazakhstan were left unchanged.

USDA: Estimates for Black Sea grain production and exports in 2019/20 season, MMT (January)

 

Country

Wheat

Corn

Barley

Production

Export

Production

Export

Production

Export

19/20 (Jan)

19/20 (Dec)

19/20 (Jan)

19/20 (Dec)

19/20 (Jan)

19/20 (Dec)

19/20 (Jan)

19/20 (Dec)

19/20 (Jan)

19/20 (Dec)

19/20 (Jan)

19/20 (Dec)

Ukraine

29.0

29.0

20.5Описание: Описание: arrow1

20.0

35.5

35.5

30.5Описание: Описание: arrow1

30.0

9.5

9.5

5.0Описание: Описание: arrow1

4.8

Russia

73.5Описание: Описание: arrow2

74.5

34.0Описание: Описание: arrow2

35.0

14.5Описание: Описание: arrow1

14.0

5.7

5.7

20.0

20.0

5.6

5.6

Kazakhstan

11.5

11.5

5.2

5.2

0.875

0.875

0.06

0.06

3.9

3.9

1.8

1.8

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. We offer 7-days trial! Completely free!

 

UkrAgroConsult

 

 

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