The USDA increased the forecast of world wheat production, including at the expense of Ukraine and Russia
the Department of agriculture increased the forecast of world production, consumption and export of wheat in the new season.
the Number of initial wheat stocks increased by 1.5 million tons to 244,5 million tonnes.
global production of wheat grew by 7.7 million tons to a record 738,5 million tons Increased gross harvest of wheat in the United States by 5 million tonnes, Ukraine on 1 million tons, Russia at 1 million tons, Australia is 0.5 million tons, 0.5 million t Argentina, Canada, 0.5 million t Reduced crop forecast for the EU by 0.7 million tons through excessive rains in France and 0.7 million tons for Algeria the drought.
the Forecast for world consumption grew by 13.3 million tons to 729,3 million due to the increase in world production. The share of feed wheat will be much larger than previously anticipated for the late precipitation in the several countries of the world. Consumption of feed wheat EU countries increased by 5.5 million tons.
the World's wheat exports will grow by 2.8 million tons and amount to 168,4 million tons will be exported more grain from Ukraine by 1 million tons, USA and 0.7 million tons, Russia, Argentina, Canada, Turkey and Australia by 0.5 million tons.
the Forecast of ending stocks although reduced 4.1 million tons to 253.7 million tons, but remains at a record level.
the USDA forecast production of grain in Ukraine in the season 2016/17 MG increased by 2.4% to 61,225 million tons, and grain exports by 3% to 33.63 million t Forecast of the corn crop was left unchanged at 26 million tons, while barley has increased by 0.45 million tonnes to 9.1 million tonnes remained unchanged forecast for feed grain export at the level of 21.13 million tons, including th of corn in the 17 million tons of crop and wheat exports increased by 1 million tons to 25 million tons and 12.5 million tons respectively.