Source: Zerno.ru (Russia)
In its January report, the U.S. Department of Agriculture left unchanged its forecast of wheat harvest in Russia in the current crop year (July 2024-June 2025) at 81.5 million tons. The estimate of carryover ending stocks was raised from 8.24 million to 9.24 million tons.
The forecast for Russian wheat exports is lowered again and estimated at 46 million tons (-1 million tons to the December report).
The forecast for corn harvest has been raised by 250 thousand and amounts to 13.25 million tons. Corn exports remained unchanged at 3.3 million tons, carryover stocks will be 0.36 million tons.
Coarse grain production is down 530 thousand to 33.97 million tons, exports are estimated at 6.23 million tons (6.2 million last month), carryover stocks will be 0.83 million tons.
The wheat export estimate for the EU is unchanged at 29 million tons. The EU wheat production forecast was also unchanged at 121.3 million tons.
The forecast of wheat harvest in Ukraine, as in the previous report, is estimated at 22.9 million tons. Wheat exports are reduced by 500,000 to 16 million tons, ending stocks are estimated at 0.99 million tons. Corn production forecast and export forecast remain unchanged at 26.5 million tons and 23 million tons, respectively.
The estimate of wheat harvest in Kazakhstan remained unchanged at 18 million tons. Exports also remained unchanged at 10 million tons. Transient ending stocks are estimated at 3.85 million tons.
The forecast of the world wheat harvest in the current agricultural year is slightly increased and will be 793.24 million tons (290 thousand), feed grain – 1 billion 494.29 million tons (1 billion 499.13 million tons in the last report), corn – 1 billion 214.35 million tons (1 billion 217.89 million tons).