Country: US
Colour: 2
Description: The 30th Sept USDA report showed US wheat production was less than expected by 6 million bushels, but stocks were 67 million bushels larger than market estimates. Conversely, the US corn stocks number shocked the market at 317 million bushels below guestimates. This adds more uncertainty to the whole US corn situation but should soon become clearer now harvest is underway.
Country Name: US
Country: Australia
Colour: 2
Description: Australia remains hot and dry with production forecasts gradually creeping lower. Most wheat crop ideas are projected to be about 18-19m tonnes, but some forecasters believe that it could be as low as last year’s drought hit 17m tonnes.
Country Name: Australia
Country: Canada
Colour: 2
Description: Adverse wet weather with freezing temperatures and heavy snow is delaying harvest and causing quality fears with half of the wheat crop still to be combined.
Country Name: Canada
Country: Russia
Colour: 1
Description: Production ideas have recovered thanks to stronger yields with forecasts now back up to 75m tonnes.
Country Name: Russia
Country: Ukraine
Colour: 1
Description: Ukraine production is strong with forecasts of a 28.5m tonne wheat crop (2nd biggest on record) and record 36m tonnes corn crop. Wheat harvest is complete, but corn is still being cut.
Country Name: Ukraine
Country: France
Colour: 1
Description: Strategy Grains forecast EU wheat production at 151.4m tonnes with yields performing better than thought in most countries. The UK crop is now estimated to be 16.2m tonnes which is 2.7m tonnes higher than in 18/19.
Country Name: EU
Country: Argentina
Colour: 1
Description: Argentine corn and wheat production remain strong with record production. 19/20 corn acres are expected to be 3% higher YOY.
Country Name:
Country: Brazil
Colour: 1
Description: The 18/19 Brazilian corn crop is a record 101m tonnes and the 19/20 crop is expected to be the same or higher. Brazilian & Argentine corn continues to displace US corn exports.
Country Name: Brazil
Country: China
Colour: 1
Description: Recent goodwill purchases of US soybeans by China ahead of trade talks have given hope for a resolution between the two countries at forthcoming talks.
Country Name: China