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Post forecasts 2021/22 production, utilization, and trade for corn, rice, sorghum, and wheat.
Rice consumption continues to decline due to a shrinking population and reductions in per capita consumption.
Rice and sorghum production has been revised downward, as poor pricing has driven down planting.
Typhoons, heavy rains and prolonged high temperatures in the summer of 2018 are expected to negatively affect both the yield and quality of rice and wheat produced in Japan.
Post expects relatively minor changes in 2018/19 in Mexican production of corn and sorghum, with a larger percentage decrease in wheat production due to water availability among other factors.
The marketing year (MY) 2017/18 corn production estimate has been revised upward to 26.8 MMT, with harvested area estimated at 7.23 million hectares, reflecting official information....
Given competitive prices for imported feed grains (particularly for corn) and DDGS, Japanese demand is expected to remain strong in 2017/18, with corn imports again forecast to total 15.2 million MT.
The market year (MY) 2017/18 wheat production estimate has been revised downward to 3.5 million metric tons (MMT) based on updated official information from the Mexican government.
Post's combined estimates of Nigeria's MY2017/18 production for wheat, rice, corn and sorghum is set at about 16.3 million tons, representing a slight drop from the current MY2016/17 estimate....
As a result of favorable weather conditions, 2016 rice production (including feed rice) is estimated to increase slightly despite reduced planting area.
Post’s (MY) 2016/17 corn and sorghum production estimates have been revised downward from USDA/Official forecast due to smaller than previously estimated planted area and irregular weather conditions.
As Japan’s Ministry of Finance announced import statistics ending June 2014 for wheat, Post has finalized the 2013/2014 marketing year (MY) import number in its PS&D.