USDA Report - World Agricultural Supply & Demand Estimates - JUNE 2010
Global wheat supplies for 2010/11 are projected 4.1 million tons lower this month with reduced carryin and production.
Global wheat supplies for 2010/11 are projected 4.1 million tons lower this month with reduced carryin and production. Lower beginning stocks mostly reflect reductions for EU-27, the United States, and Brazil as 2009/10 exports are raised for all three. Global production for 2010/11 is lowered 3.7 million tons with reductions for EU-27, Syria, Turkey, and Russia. EU-27 production is lowered 2.1 million tons reflecting crop damage from recent flooding and heavy rains in eastern Europe and April and May dryness in northwest France and the United Kingdom. Production for Syria and Turkey are lowered 1.3 and 1.0 million tons, respectively, as widespread outbreaks of yellow rust have sharply reduced yield prospects in key growing areas of both countries. Russia production is lowered 0.5 million tons as reports of higherthan-expected winter kill, particularly in the Volga Valley, reduce potential harvested area. Production is raised 0.5 million tons for Ukraine as recent rains have improved yield prospects.
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