By September 1, about 80% of the 2021/22 world wheat crop will be in the bin.
The harvested area is expected to be 12.7Mha, the average yield at around 0.94t/ha. Russian 9 mmt wheat quota looks non-disruptive to exports, says SovEcon Ukraine to harvest a record-high corn crop in 2021, wheat production is expected to decline next year.
Wheat Futures Rise in Overnight Trading.
The global wheat outlook for 2021/22 is for reduced supplies, slightly higher consumption, increased trade, and lower ending stocks.
Wheat is a grass widely cultivated for its seed, a cereal grain which is a worldwide staple food. The harvested wheat reaches 11.8 million tons.
Russian wheat prices moved higher again last week on the tightening global supply, which pushed Moscows export tax higher. 10 Nov 2021.
Two private Russia-based analysts cited lower-than-expected yields in the Central and Volga regions when they cut their production estimates recently.
9 Nov 2021 Live news: full coverage of the wheat, corn, soy and barley markets; Price assessments: 5 Nov 2021.
While the USDA cut its 2021 UK wheat production estimate from 15 million tonnes to 14.3 million tonnes, the official Defra estimate is only 14.022 million tonnes. Australian wheat production is forecast to reach a new record in 202122 of around 34.4 million tonnes, which is 3pc higher than the previous record set in 202021. December 02 2021 - 03:31PM.
The USDA forecast the 2021-22 wheat supply at 2.606 billion bushels, down 10 million bushels from October and down 12% from 2.957 billion bushels in 2020-21.
The share of Ukraine rose to 23% in the structure of supplies of Russian and Ukrainian wheat compared to 10% in July-September of 2020/21 MY. Accounting for most of this growth, a robust 7.5 percent rise in feed demand for wheat
Wheat is the most important crop in the world. It's cultivated in 128 countries and is the second most important food crop in the developing world after rice. In sub-Saharan Africa, 14 countries produce wheat; Ethiopia and South Africa are the two main producers, although wheat production is minor compared to other crops.
TAGS: Outlook. The July WASDE lowered Russian wheat production to 3.12 billion bushels. Wheat is the leading source of vegetable protein in human food, having a higher protein content than other major cereals, maize and rice. The wheat crops are easily cultivated on large scale. Wheat contributed to the emergence of city states is the Fertile Crescent including Babylonian and Assyrian empires.
The area sown to Russian wheat in 2021 could be below last year and may reach 28.26 million hectares, accumulating total wheat production of 78.6 [68.591.0] million tonnes, according to Refinitiv Agriculture Research. Ukraines ag ministry earlier this month forecast record wheat production at 32.1 million tonnes and pegged exports at around 24 million tonnes, which would also be a record.
All wheat production is lowered 152 million bushels to 1,746 million. Global production is raised to a record with larger crops in the European Union, Russia, Ukraine, and 5 June 2021 . The plan for the 2021/22 crop year, the planting of which is ongoing, calls for 3.5 million feddans (1.46 million hectares) to be planted with wheat, about the same as in 2020/21.
Russian agricultural production has surged more than 20 percent over the past six years.
Latest generation of S&P Global Platts products designed to help you manage energy price risk. The world wheat indicator price is forecast to average US$290 a tonne in 202122 an upward revision of 14% from the forecast in Agricultural commodities: June quarter 2021.This reflects a downward revision in world supplies of hard, high-quality wheat, driven by significant declines in Canadian, US and Russian Federation production.
Nearing the end of the first half of 2021/22, it was another bearish week for export inspections, with the overall pace continuing to trail 2020/21. Dow Jones News.
Top wheat buyer Egypt bought 600,000 tonnes of Romanian, Russian and Ukrainian wheat in a snap tender on Monday, the latest in a flurry of grain purchases by key world buyers. The IGC said its lower production forecast was tied to downgrades for crop prospects in the United States, Canada and Russia, MOSCOW, June 29 (Reuters) - Russian agriculture consultancy IKAR said on Tuesday it had raised its 2021 forecast for wheat production to 83.6 million tonnes from 82 million tonnes.
USDA estimates 2021/22 world wheat ending stocks will reach 277 MMT, down 4% from last year and 2% less than the 5-year average.
Over the period under review, the harvested area dedicated to wheat production reached the peak figure in 2020 and is expected to retain growth in the immediate term. Russia started a flat tax on wheat exports in February and switched to floating duties in June.
Canadian wheat production estimates were also lower by 7.5mt. It is updated approximately once per month. The price of bread rose 7.8% in 2020 and has gone up 3% more so far this year. Hard durum varieties reportedly comprise roughly 60 percent Russias agriculture minister quickly responded to Putins concerns with a plan to more than double the countrys durum production to USDAs 2021/22 corn marketing year price projection may not provide support for 2021/22 wheat prices.
The downward revision is based on the lowering of wheat production forecast and the current weak export pace. Growers in the country produced about 85.4 million metric tons of wheat a year earlier.
In March, the council expected the worlds wheat production to rise to 790 million tonnes in 2021/2022, up from 774 million tonnes in 2020/2021. The tax was part of efforts by Russian leader Vladimir Putin to get food prices under control.
X tonnes of wheat were exported from Russia; growing by X% against 2019. We have revised Ukraines crop numbers for 2021 (bearish corn) and have issued the first 2022 wheat crop forecast (bullish! Source: Trade Data Monitor LLC and USDA forecasts .
Last week, 12.5% wheat prices in deep-sea Russian ports rose $9 to $325/mt, a new high since 2012/13. feed grain production.
The June WASDE projected Russian wheat production to be 3.16 billion bushels. At the Outlook forum, the USDA projected the 2021/22 corn average year price to be $4.20 compared to $4.30 during the 2020/21 marketing year.