Informa Economics raised its forecast for the crop for the United States and reduced for Russia
Experts of Informa Economics in the updated report, the average corn yield has increased with of 174.5 to 176 bushels/acre and soybean yields – from 49.5 to 49.8 bushels/acre. A recent report by USDA predicted corn yield in the range of 174 bushels/acre and soybeans – 48.5 bushels/acre.
According to analysts Informa Economics, in the current season USA will gather 14,392 billion bushels of corn and 4,425 billion bushels of soybeans while the USDA predicts their level of 14.04 billion bushels, and of 4.28 billion bushels, respectively.
According to Informa Economics, the US will collect 1,869 billion bushels of wheat, in particular:
spring 604 million Bush.,
durum 74 million Bush.
- winter – 1,192 billion Bush.,
For Russia, the forecast of wheat production in the season 2018/19 reduced by 6 million tonnes to 67 million tonnes.
Informa Economics on 500 thousand t to 118.5 million tons increased its estimate of the soybean crop in Brazil to 2017/18 MG, but 3 million tons to 82 million tons reduced the rating of the corn crop.