Harvest resumes in Russia, Ukraine
MOSCOW/KIEV (Reuters) — Russia and Ukraine are harvesting wheat after rain caused delays.
Wheat yields are strong in Russia and lower in Ukraine, analysts and traders said.
SovEcon upgraded its Russia forecast to 72.9 million tonnes, down slightly from 73.3 million in 2016.
Last week the U.S. Department of Agriculture raised its monthly forecast by three million tonnes to 72 million.
It trimmed Ukraine’s wheat crop by one million tonnes to 24 million. Last year it produced 26.8 million.
China wheat OK
BEIJING, China (Reuters) — China’s winter wheat crop rose almost one percent to 127.35 million tonnes, the National Bureau of Statistics said July 13, after good weather boosted yields.
The crop, planted in autumn and harvested in May and June, accounts for more than 90 percent of China’s total wheat crop.
Crop quality improved, the bureau said, thanks to sunny warm weather at the maturing phase and harvest.
Wheat imports are expected to drop 38 percent to three million tonnes.
