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USDA analysts carried out an upward adjustment of world wheat production in 2022/23 MY

Wheat
Published Aug 16, 2022

Tridge summary

USDA analysts in the August report raised the forecast for world wheat production in 2022/23 MY to 779.6 million tons compared to 771.6 million tons according to the July forecast, which is also slightly higher than in 2021/22 MY (779.2 million tons) . In particular, analysts carried out an upward adjustment of the wheat harvest in Australia to 33 (30; 36.3) million tons, Canada - up to 35 (34; 21.6) million tons, China - up to 138 (135; 136.9) million tons. , Russia - up to 88 (81.5; 75.1) million tons, Brazil - up to 8.7 (8.5; 7.7) million tons.

Original content

At the same time, experts lowered the forecast for grain production in Argentina to 19 (19.5; 22.5) million tons, in the EU - to 132.1 (134.1; 138.3) million tons, in India - to 103 (106; 109.5) million tons. The forecast for world wheat exports was also raised - up to 208.1 million tons compared to 206.6 million tons according to the preliminary forecast and 204.5 million tons in the last MY. Thus, USDA analysts carried out an upward adjustment for Australia - up to 26 (25; 26.1) million tons, Canada - up to 26 (25; 14.9) million tons, Russia - up to 42 (40; 33) million tons, Ukraine - up to 11 (10; 18.8) million tons and in the USA - up to 23 (22; 21.5) million tons. At the same time, it should be noted that the forecast for wheat exports was reduced for the following countries: the EU - to 33.5 (35.5; 31.7) million tons, Argentina - to 13.5 (14; 17.6) million tons, India - up to 4 (6; 10.4) million tons. Experts slightly reduced the forecast for world wheat stocks in the ...
Source: Zol
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