Russia: Grain and Feed Update
Link to report:
FAS/Moscow forecasts that wheat production will reach 73.5 MMT in MY2019/2020, a decrease from the previous forecast of 74 MMT based on industry and official data. Barley and corn production forecasts are unchanged at 19 MMT and 13 MMT respectively. Year-on-year increases are expected for barley and corn due to significant expansion of harvested areas and expected increases in yields. Considering the preliminary statistical data provided by the Russian Government, as well as various domestic analytical experts, Post estimates that total Russian grain exports in MY 2019/2020 may reach 45MMT of which wheat exports will comprise of 33.5 MMT, down 500 TMT from the last Post forecast and a decrease of 1.7 MMT from the MY18/19 wheat export estimate.
