The grain harvest in the US will shrink in the new season
According to report MSO published in late may, grain production in the U.S. in 2017-18 MG could reach 421 million tons. In the past reporting period, the forecast was more optimistic than 3.6 million tons. Thus in 2016-17 marketing year U.S. grain harvest reached to 465.9 million tonnes. A year earlier, the production was 2.5 million tons greater expectations for the current season.
the Initial supply of grain in the United States in the analyzed year, on the contrary, will be higher than in the past (74,8 million tons) and amount to 92.8 million tonnes. However, a month earlier prospects by 1 million tons higher. In 2015-16 MG the indicator is fixed at level of 67.6 million tons.
the Size of grain crops in the state this season is expected to fall to 521,4 million tons versus last year 547,6 million tons. The April report promised offer of 4.7 million tons higher. A year earlier the figure was 498,6 million tons.
the Export of grain grown in the fields of the United States in 2017-18 marketing year, according to current expectations, can be reduced to 81.1 million tons against the previous season 91.9 million tons. The April estimate of analysts amounted to 80 million tons. We will remind, a year earlier abroad was sold 78.5 million tons of grain.
Import purchases of grain during the period under review are expected to reach 7.6 million tons. This was 0.6 million tonnes lower than in the 2016-17 year. A month earlier, the experts had similar expectations.
corn Consumption in the United States of America in 2017-18 MG, according to the may forecast MSO decrease compared with last year (363 million tonnes) to 359 million tons. In April, the experts were more optimistic in their expectations of 0.3 million tons.
Ending stocks of grain in the United States this season is projected to be $ 81.3 million tons, according to the may data. Before the Outlook was 5.5 million tons higher. In the past year the figure is expected to reach 92.8 million tons, and in the 2015-16 season, the amount of carryover reserves were much more modest – 74,8 million tons.