- Dry conditions prevented completing winter sowing in some
parts of the Norhern Hemisphere. Currency weakness makes
wheat still attractive in many key exporters.
- Total harvested area to decline by 1.4% to 220.2 M ha
EU:-0.7% to 26.5 Mha, RUS:-0.8% to 25 Mha, CAN:-0.8% to 9.5 Mha
US:-6.1% to 17.9 Mha, UKR:-15% to 6.0 Mha, India:-5% to 29 Mha
KZH:+8.7% to 12.5 Mha, ARG:+37% to 5.2 Mha
- Production: tentatively at 706 Mt (-3% or – 25 Mt y/y)
- Demand: to decline by 6 Mt to 713 Mt on lower feed use