Analysts forecast 80.1 million tonnes of production next year, down from the five-year average of 88.1 million tonnes
SASKATOON — Early indications are that Russia may harvest another disappointing wheat crop in 2025. SovEcon is forecasting 80.1 million tonnes of production, down from 81.5 million tonnes this year and the five-year average of 88.1 million tonnes. Related stories: Total wheat area is forecast to remain unchanged at about 70 million acres, with winter […] Read moreTag Archives SovEcon
Dryness delays winter wheat seeding in Russia
Poor soil moisture and limited rainfall mean the crop could enter dormancy in poor shape, resulting in lower yields
SASKATOON — Winter wheat planting is progressing slowly in the world’s largest exporting region. Russian farmers have only managed to seed 20.8 million acres of the crop, which is 11 per cent behind last year and the slowest pace in 11 years, according to SovEcon analyst Andrey Sizov. Related stories: Ukraine’s growers have planted 2.4 […] Read more
Good demand expected for Canada’s two biggest crops
Glacier FarmMedia – There should be good demand for Canada’s two biggest crops this year, an economist says. Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by. On the surface that sounds like it would be […] Read more
Black Sea region expected to produce more flax
The crop is faring better than others in Russia's drought-hit regions, and acreage is anticipated to be higher than last year
SASKATOON — Black Sea flax growers are hoping for a rebound year. Acreage is expected to be up in Russia, although there are no official numbers yet, said Sergey Pluzhnikov, head of sales for Temporia Capital Company and founder of Russian Pulses Analytics. Related stories: Russian farmers planted 3.46 million acres of the oilseed last […] Read more
China hopes GM crops will increase grain self-sufficiency
China’s government approved genetically modified wheat and corn varieties for domestic cultivation last week, marking a step forward in becoming a global advocate for crop genetic modification. In only a few years China shifted from a cautious approach to GMOs to solid support, with potential implications for the country’s self-sufficiency and for global attitudes about […] Read more
Wheat price outlook hinges on Russia
The market has already begun to respond as dry conditions and now frost significantly threaten production this year
SASKATOON — The 2024-25 wheat market outlook hinges on one key question. “The bottom line is, it comes back to Russia. Are they going to be able to have a big enough crop again this year to dominate world exports and hold prices down, or not?” DTN lead analyst Todd Hultman said during a recent […] Read more
All eyes on Russian weather as wheat rebound
Russia is experiencing a rough transition from El Nino to La Nina, which could significantly bite into yields this year
SASKATOON — Wheat futures have gained back much of the ground they lost since the start of the year in the last couple of weeks. And there could be further appreciation on the horizon if World Weather Inc.’s forecast for Russia proves accurate. Related stories: There is a tendency for ridge-building in parts of Russia […] Read more
