Russia: Grain and Feed Update
FAS/Moscow increased its July 2016 grain production forecast by 6.8 million metric tons (MMT) to 114.5 MMT. Post increased the wheat crop forecast from 65 MMT to 72 MMT based on a number of factors highlighted below. If this forecast is accurate, this wheat crop will be the highest wheat crop in Russian (post USSR) history. This forecast matches the USDA official forecast. Post’s barley crop forecast is increased from 17.5 to 17.7 MMT, but is 1.3 MMT below the official USDA forecast for barley. The corn crop forecast is 13.5 MMT, 0.5 MMT less than the official USDA forecast. The forecast for other crops remains at 11.3 MMT.
