The U.S. Department of Agriculture, in its February report, has not changed its forecast for wheat production in Russia this year - 81.5 million tons. However, they have raised their estimate of ending stocks from 9.24 million to 9.74 million tons.
They also reduced the forecast for wheat exports from Russia to 45.5 million tons, which is 0.5 million tons less than in the January report.
The forecast for corn production remains unchanged at 13.25 million tons. The forecast for corn exports also remains unchanged at 3.3 million tons, with ending stocks of 0.36 million tons.
Production of feed grain remains at the same level - 33.97 million tons, with exports estimated at 6.25 million tons (compared to 6.23 million tons last month). Ending stocks are projected at 0.86 million tons.
The U.S. Department of Agriculture reduced its forecast for wheat exports to the European Union by 1 million tons - to 28 million tons. At the same time, they left unchanged the forecast for wheat production in the EU at 121.3 million tons.
The forecast for wheat harvest in Ukraine remains at 22.9 million tons, while the export forecast is reduced by 0.5 million tons, reaching 15.5 million tons. Ending stocks are estimated at 1.29 million tons. The forecast for corn production remains unchanged at 26.5 million tons, with the export forecast for this crop reduced by 1 million tons to 22 million tons.
The forecast for wheat production in Kazakhstan is raised from 18 million to 18.58 million tons. They leave the export forecast unchanged at 10 million tons. Ending stocks are estimated at 4.22 million tons.
The forecast for global wheat production this year is slightly increased to 793.79 million tons (by 550 thousand tons), and for feed grains - 1.49252 billion tons (compared to the previous report of 1.49429 billion tons), and for corn - 1.21247 billion tons (compared to the previous report of 1.21435 billion tons).
In its forecasts, the U.S. Department of Agriculture does not include data on Crimea and new territories.