Russia: Grain and Feed Update

Russia is harvesting its largest ever grain crop that may exceed 128 MMT according to official reports. Average wheat and barley yields are 16 to 19 percent higher than in 2016/2017, respectively. FAS/Moscow has increased its wheat production forecast to 83 MMT, 1 MMT higher than the official USDA number. Meanwhile, corn production is down despite bigger acreage and a good pace of harvesting. FAS/Moscow decreased its corn production outlook for 17/18 to 13.8 MMT, 1.7 million lower than the previous forecast in July 2017. FAS/Moscow estimates that total Russian exports could reach 43.6 MMT in 2017/2018. The Government of Russia intends to launch new support measures aimed to facilitate grain shipments from Siberia, the Urals and the Volga Valley that could feed into export markets.

Russia: Grain and Feed Update