According to the latest ICAR forecast, the wheat production in Russia will reach 79.5 million tons in 2021 compared to 81 million tons in the previous estimate from 2 weeks ago.
The latest Bureau of Reclamation reservoir projections show that the Colorado River’s two biggest reservoirs are likely to drop to historically low levels later this year due to severe drought conditions.
A group of millers from Indonesia bought 120,000 tons of Black Sea wheat from the 2020 crop at a price within 280-290 USD/ton C&F and delivery in June.
AHDB has published its first forecast for the wheat production in the UK in 2021, which shows 14.57 million tons compared to only 9.61 million tons in 2020.
The Ministry of Agriculture of France expects that wheat areas in 2021 will reach 4.9 million hectares, which is 15% more than in 2020 and will be at the average level for the last five years.
According to Oil World's forecast, the sunseed production in the EU will reach a record 10.4 million tons in 2021 (+1.7 million tons compared to 2020).
SovEcon raised its forecast for the wheat production in Russia in 2021 once again to 80.7 million tons, which is 1.4 million tons more than in March and 4.5 million tons more than in February.
