Experts, the USDA increased the forecast of world production, exports and stocks of wheat in 2020/21 MG

a new report by the USDA experts has increased compared to the may estimates forecast global wheat production in 2020/21 MG with 768,5 to 773,4 million tonnes, 9 million tonnes will exceed the harvest 2019/20 Mr.

in Particular, for Australia, the forecast production has increased from 24 to 26 million tons (15.2 million tons in 2019) for China – from 135 to 136 (133,6) mln t, India with 103 to 107,2 (103,6) mln t, Turkey – from 18.5 to 19.5 (18,5) million tons, USA – from 50.8 to 51.1 (52,2) million tons.

at the same time for the EU production forecast was reduced from 143 to 141 million tons (of 154.7 million tonnes in 2019), Ukraine, from 28 to 26.5 million tons (29.1 million tons).

Estimate of world wheat exports increased from 186,6 to 187.5 million tonnes, compared with 185.7 million tonnes in 2019/20 Mr.

in Particular, increased its export forecast for Australia from 14 to 16 million tonnes (9.5 million tonnes in 2019), Russia – from 35 to 36 (33,5) million tonnes, but lowered for EU from 28.5 to 28 (36,5) million tons and Ukraine from 19 to 17.5 (20,5) million tons.

Estimate of world ending wheat stocks in 2020/21 MG increased compared to the may with 310,1 to 316.1 million tonnes (295,8 million tonnes in 2019/20 Mr), in particular due to their growth in China with a of 160.3 to the 161.8 (150,8) mln t, India from 27 to 30.7 (24) mln t, in Iran – from 5.9 to 7 (and 6.5) mln t, in Turkey – from 5.7 to 6.4 (6,7) million tons and the United States – from 24.7 to 25.1 (26.7) million t at the same time reduced the rating for the EU to 11.5 million tons and Russia – to 9.2 million tonnes.

World stock exchange prices of wheat fell after the publication of the "bearish" USDA balance.

the

• September futures for milling wheat on MATIF fell by 2.5 €/t to 182,5 €/t or 206,16 $/t

the price of wheat in the United States further pressure active winter wheat harvest.

the July wheat futures in the U.S. fell:

the

3.86 $/t to 164,24 $/t for solid winter HRW wheat in Kansas city

2.02 $/t to 188,86 $/t on a firm spring HRS wheat in Minneapolis.

• 2.65 $/t to 183,35 $/t for SRW soft winter-wheat in Chicago