Favourable weather conditions in Europe as well as the increased areas will push the yield up by 3.8% to 150 mln tons. Yield in Ukraine will go 3.8% down to 25 mln tons while Kazakhstan will have a 9.4% decrease down to 13.5 mln tons.

On the whole, wheat yield will fall worldwide by 1.8% down to 744.5 mln tons in the new season.

The yield in the USA will take a 20.5% fall down to 50 mln tons, decline in Canada will be 9.8% to 28.6 mln tons whereas yield in Australia will be 20.2% lower at 28 mln tons. Australia and partially Canada will return to a normal production cycle. 

28.5 mln tons of wheat will be exported from Russia in 2016 - 2017, which makes the country number 1 exporter in the world.

IGC projects a world wheat yield of 735 mln tons.