Browse Data and Analysis

Export prices increased around 1 percent as upward pressure on domestic prices more than offset the weakening Thai baht.

Argentine wheat production for 2015/16 is forecast down at 10.2 million tons (mmt), 1.3 mmt lower than USDA.

For marketing year (MY) 2015/16 (May to April), Post’s estimate for total rice area and production is unchanged at 11.8 million hectares and 34.8 million tons.

The outlook for winter grains production in Australia from mid-2015 and beyond has been improved by more reliable rainfall.

Timely and adequate 2015 monsoon rainfall through early July has supported planting of grains, including rice and corn, in the ongoing MY 2015/16 kharif season (fall/early winter harvest).

Post expects marketing year (MY) 2014/15 Indonesian wheat imports and consumption to decrease to 7.6 million metric tons (MMT) and 7.3 MMT respectively.

Wheat production is forecast at 19.5 million metric tons (MMT) in marketing year (MY) 2015 because of high yields, especially in Central Anatolia.

This report is an update to the previous forecast. Notable changes for MY 2015/16 include an increase in Korean wheat production to 36,000 MT and increased wheat consumption to 3.85 million tons.

Overall feed production in Japan continues to be stable, but is gradually trending down and is expected to be below 24 million metric tons in MY2014/15.

FAS/Moscow increased its April 2015’s grain production forecast by 5 million metric tons (MMT) to 97 MMT.

Forecast for marketing year (MY)2015/16 corn, wheat, sorghum, and rice production all hold steady at 23.5 MMT, 3.7 MMT, 7.8 MMT, and 240,000 MT (rough rice production), respectfully.

Despite a sale of 1.1 million metric ton of rice stocks, export prices increased 2-3 percent due to concerns about ongoing drought and small amounts of good quality rice remaining in government stocks