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2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), down 6 percent from the previous year as some producer switch to more profitable crops like corn and soybeans.
Graphic illustrating the total export of U.S. agricultural products to China, including the total value and top 5 commodities.
Timely spring rains and mild temperatures have contributed to improve yields expectations after a rather dry winter.
China’s MY16/17 soybean production is forecast to recover to 12.5 million metric tons (MMT) from the 11.6 MMT in the previous year, compared to the USDA official data of 11.8 MMT.
Graphic illustrating the total export of U.S. agricultural products to European Union, including the total value and top 5 commodities.
Graphic illustrating the total export of U.S. agricultural products to Japan, including the total value and top 5 commodities.
EU farmers are expecting a sizeable grain crop of 292 million metric tons in marketing year 2013/14.
The EU is highly dependent on imports of oilseeds and oilseeds products (protein meals and vegetable oils) to meet demand for food, feed and industrial uses, including biofuels production.