The US Department of Agriculture retained forecasts for the production and export of wheat in Russia

Published 2022년 11월 10일

Tridge summary

The US Department of Agriculture has maintained its forecasts for Russian wheat production and export for the 2022/23 season. The department also maintained the forecasts for the harvest and export of corn in Russia. The world wheat production excluding China has been increased to 644.6 million tons. Russia has seen an increase in wheat shipments in November. As of November 9, Russia has harvested 152.2 million tons of grain, 30 million tons more than the same period last year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The US Department of Agriculture in the November report, as in October, retained the forecasts for the production and export of Russian wheat. The estimate of the harvest in 2022 remained at the level of 91 million tons (excluding Crimea). The agricultural department gave such a forecast in September, having increased the previous one by 3 million tons. The estimate of Russian wheat exports in the 2022/23 season is 42 million tons. The export forecast has also been kept for Russia's closest competitor, the EU (35 million tons). In addition, the estimate of the feed grain harvest in Russia this year at 42 million tons remained unchanged. The estimate of its exports was reduced to 9.65 million tons from 10.15 million tons a month earlier. At the same time, the US Department of Agriculture kept the forecasts for the harvest of corn in Russia (15 million tons) and its exports (4 million tons) at the same level. The estimate of world wheat production excluding China in the 2022/23 ...

Source: AgroInvestor