Barley, wheat and rapeseed production in Ukraine anticipated lower in USDA July report
Black Sea traders will be following with interest the release of the USDA report this evening. For the straw cereals, the Ukrainians are expecting USDA to lower wheat and barley production, Agritel reports.
However, the consultancy adds that Russia’s production for these two crops should not be amended.
As reported, Ukrainian producers are also anticipating a downward revision of the rapeseed production that was last estimated at 4 Mt by USDA versus 2.8 Mt by Agritel.
"In this respect, during our crop tour in June, we did not observe the 1 to 5 acreage ratio between rapeseed and wheat in the southeastern regions, which usually contributes to 50% of the rapeseed acreage. Surprises in terms of harvested areas cannot be ruled out," the message reads.
Refinitiv analysts reduced the forecast for wheat harvest in Ukraine in 2020/21 by 2% to 26.3 mln t compared to the previous forecast as a result of hot and dry weather in the central and northern regions of the country.
