Russia: Grain and Feed Update
Based on the officially reported data on grain harvest progress, FAS/Moscow increased its forecast of Russia’s total grain crop in MY 2014/15 by 2 million metric tons (MMT) to 101 MMT. The forecasted crop includes 57.5 MMT of wheat, 19 MMT of barley, 11.5 MMT of corn, and almost 13 MMT of other grains and pulses. Given these crop volumes and the volatility of ruble exchange rate Russia may export 28 MMT of grain, including 21 MMT of wheat, 4 MMT of barley, 2.5 MMT of corn, and from 0.5 to 0.8 MMT of other grains and pulses.
