USDA raised its forecast for global wheat production

13 Nov, 2017
USDA raised its forecast for global wheat production
In its November report, USDA raised its estimate for global wheat crop in 2017/18. up to 751.9 million tonnes at 751.2 million tonnes in the previous forecast.

Wheat crop in Russia will be 83 million tonnes (82), in the EU 515.5 million tonnes (151 million tonnes in the October forecast, 145.5 million tonnes a year earlier and the 2015-16 record - 60.5 million tonnes ).

Global wheat export rose to 182.1 million tonnes (181.9 and 182.2).

Global ending stocks will be 267.5 million tonnes (268.1 million tonnes in the October forecast) - five seasons high.