The U.S. Department of Agriculture left unchanged its expectations for wheat production in the Russian Federation in the current agricultural year (July 2024-June 2025) – 83 million tons. The year-end stocks forecast also remained unchanged at 6.74 million tons.
The forecast for wheat exports from Russia remained at 48 million tons.
The corn production forecast has been reduced to 14.1 million tons (-900 thousand tons compared to the data in the July report). Corn export is expected to reach 4.2 million tons (-400 thousand), with ending stocks at 0.41 million tons (no changes).
Feed grain production has been decreased from 39.23 million to 37.4 million tons, with export estimations at 8.48 million tons (9 million), and ending stocks at 1.19 million tons (1.21 million).
The wheat export forecast for Russia's main competitor – the European Union – has been reduced by 0.5 million to 34 million tons. The wheat production forecast in the EU has been slashed by 2 million to 128 million tons.
Wheat exports from Ukraine have been increased from 13 million to 14 million tons. The wheat crop estimate has also risen to 21.6 million tons (+2.1 million), with year-end stocks at 1.05 million tons. Corn production and export forecasts have been lowered by 500 thousand to 27.2 million and 24 million tons respectively.
The wheat harvest forecast in Kazakhstan has been raised to 16 million tons (from 14.5 million in the previous report). Exports remain at the same level – 10.5 million tons. It is expected that year-end stocks will amount to 2.33 million tons.
The forecast for global wheat production in the current agricultural year has been raised to 798.28 million tons (+2.09 million), feed grains – 1.504.29 billion tons (compared to 1.512.38 billion tons in the previous report), corn – 1.21982 billion tons (compared to 1.22479 billion tons).
The U.S. Department of Agriculture does not include Crimea and new territories' data in their forecasts.
