USDA reduced its wheat production forecast for Russia
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 |
20.5 |
20.0 |
35.5 |
35.5 |
30.5 |
30.0 |
9.5 |
9.5 |
5.0 |
4.8 |
|
Russia |
73.5 |
74.5 |
34.0 |
35.0 |
14.5 |
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!
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