Ukraine's wheat crop perspectives in 2021/22 improved by 0.5 mln t: July USDA report
The United States Department of Agriculture (USDA) projects another increase by 0.5 mln t in wheat production in Ukraine in 2021/22(July 2021-June 2022) to reach 30 mln t. In its July report, the Agriculture Department forecasts the export of wheat from Ukraine at 21 mln t, 0.5 mln t up from the June report.
Wheat ending stocks in Ukraine in 2021/22 are projected to reach 1.7 mln t, 10% above the previous estimate (1.55 mln t).
The world wheat production forecast for 2021/22 was cut by 2.04 mln t to 792.4 mln t. Export projection grew by 0.77 mln t to 203.99 mln t. Wheat ending stocks projection was improved by 10% to 1.7 mln t (June report: 1.55 mln t).
The projection for the major wheat exporters in 2021/22 (July vs. June report indicators, mln t):
| Country | Production | Exports | Ending stocks |
| EU | 138.2 (+0.7) | 34 (+1) | 11.07 (-0.9) |
| Russia | 85 (-1) | 40 | 15.03 (-0.5) |
| Canada | 31.5 (-0.5) | 23 (-0.5) | 3.83 |
| Ukraine | 30 (+0.5) | 21 (+0.5) | 1.7 (+0.15) |
| Australia | 28.5 (+1.5) | 20.5 (+0.5) | 4.58 |
| Argentina | 20.5 | 13.5 | 3.06 |
China's wheat production projection remained at 136 mln t, import at 10 mln t, ending stocks remained flat mth/mth at 142.63 mln t.
As of July 12, wheat export shipment from Ukraine reached 210 thou. t, 32% higher YoY.
The UGA informed about 48.8 mln t of grains and oilseeds export from Ukraine in the 2020/21 season.
As of 8 July, the new crop campaign in Ukraine progressed to 1.4 mln t.
