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Drought concerns have diminished with improved precipitation, and FAS/Ottawa expects wheat production to increase in marketing year 2019/20 with yields returning to historical averages.
For marketing year (MY) 2019/20, Post wheat production is forecast higher than USDA at a record 20.8 million tons on larger planted area than USDA lifting exports to a record 14.3 million tons.
The Zambian government estimates a 16 percent drop in the production of corn in the 2019/20 MY to 2.0 million tons, due to drought that impacted the southern parts of the country.
Post’s marketing year (MY) 2019/20 (May/April) rice production is forecast marginally lower at 35.2 million metric tons (MMT) on estimated lower planting (11.7 million hectares) due to Aus season....
The unprecedented heatwave in June across much of the European Union attracted attention to the outlook for the MY2019/20 EU28 grain crop.
The MY 2018/19 corn production estimate is revised upward due to higher harvested area while sorghum production is lower than previously estimated based on decreased plantings....
In 2018, the United States and Morocco negotiated terms for U.S. poultry and beef market access, which should be a new opportunity for U.S. exporters.
Post forecasts that South Africa could export about 1.0 million tons of corn in the 2019/20 MY, on increased production.
Fall Armyworm has arrived in Indonesia, spreading throughout Sumatera and West Java and threatening corn production.
On July 3, 2019, the Government of India (GOI) approved increases in the minimum support prices (MSPs) for the kharif (fall harvested) crops for the 2019/20 season.
Unexpectedly dry weather conditions in Turkey between April and June in many regions led to slightly lower wheat and barley production forecasts for MY 2019/20.
Current corn prices have recovered from lows in MY2016/17 as mounting pressures from supply shocks weigh on historic shifts in demand.