USDA predicts record global wheat production and consumption in my 2021/22

2021-05-13 12:01:58
Machine translation
USDA predicts record global wheat production and consumption in my 2021/22

< span style="font-size:14px;" > in the May report, USDA experts almost did not change the wheat balance for 2020/21 mg, while they increased estimates of global wheat production and consumption next season to record levels.

 

it is expected that in 2021/22 MG global wheat production will grow compared to the current season from 776.1 million tons to a record 788.98 million tons due to an increase in the harvest in the EU by 8 million tons to 134 million tons, the UK – by 4.44 million tons to 14.1 million tons, Argentina – by 2.87 million tons to Morocco – by 4.24 million tons to 6.8 million tons, Ukraine – by 3.58 million tons to 29 million tons, the United States – by 1.26 million tons to 50.95 million tons, which compensates for the reduction in production in Australia by 6 million tons to 27 million tons and Canada by 3.18 million tons to 32 million tons. for Russia, the production forecast was lowered from 85.35 million tons in 2020/21 mg to 85 million tons in 2021/22 mg although local analysts estimate it at 79-80. 7 million tons.

 

according to the USDA forecast, global consumption of wheat in 2021/22 MG will grow by 7.8 million tons to a record 788.7 million tons (780.87 million tons in 2020/21 mg and 747.18 million tons in 2019/20 MG), as an increase in consumption of food, seeds and industrial use (FSI) in the EU, UK, Russia and US will be partially offset by lower feed consumption in China, Canada and Australia. The forecast for total wheat consumption in China was reduced by 2 million tons to 148 million tons, including for feed use – by 5 million tons to 35 million tons (19 million tons in 2019/20 MG).

 

the volume of World Trade in wheat will grow by 2.8 million tons compared to my 2020/21 to a record 202.4 million tons. the forecast of world imports of wheat was increased by 6 million tons to 199.04 million tons, in particular for Algeria – by 1 million tons to 7.6 million tons, India – by 0.75 the EU – by 0.4 million tons to 6 million tons, while for China it was reduced by 0.5 million tons to 10 million tons, Pakistan – by 2.8 million tons to 1 million tons, Morocco – by 1.3 million tons to 5 million tons due to increased production.

 

forecast of world wheat exports increased by 2.77 million tons to 202.4 million tons (191.52 million tons in 2019/20 MG), in particular for Russia – by 0.5 million tons to 40 million tons, Argentina – by 3 million tons to 13.5 million tons, the EU – by 3 million tons to 33 million tons, Ukraine – by 3 million tons to 20 million tons, while it was reduced for Australia by 2 million tons to 20 million tons, Canada – by 4 million tons to 23.5 million tons, the United States – by 1.77 million tons to 24.49 million tons.

 

< span style = "font-size:14px;" >for the United States,the export estimate was lowered due to rising prices and reduced competitiveness, and an increase in wheat consumption will lead to a reduction in Final stocks in 2021/22 MG by 11% to the lowest 21.05 million tons in 7 years.< / span> < / p>

 

Globalfinal wheat reserves in my 2021/22 will be estimated by the USDA at 294.96 million tons (299.4 million tons in my 2019/20), while analysts estimated them at 294.29 million tons. at the same time, 48% of the reserves will be located in China.

 

July futures fell yesterday: < / span> < / p>

  • < li> < span style= " font-size: 14px;">by 4 4.41/t to до 268.13 / t for soft winter SRW wheat in Chicago,< / span> < / li>
    • < span style= " font-size: 14px;">by 7 7.26/t to до 253.80 / t for hard winter HRW wheat in Kansas City,< / span> < / li>
    • < span style="font-size:14px;" > by 1 1.84/t to.281.27/t for hard spring hrs wheat in Minneapolis.

     

    < span style="font-size:14px;" > today, wheat exchange prices will continue to fall as traders process the report data.

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