The International Grains Council (IGC) this morning trimmed its forecast for the 2021/22 global wheat crop outlook by 1 million tonnes to 788 million as the diminished outlook for North America are only partially offset by improved prospects in the European Union.
In fact, the IGC cut its forecast for this year’s U.S. wheat crop to 47.5 million tonnes, from a previous projection of 51.1 million, while it put Canada ‘s crop at 28.5 million, down from 32.3 million seen last month.
In the European Union, however, production was upwardly revised to 137.7 million tonnes from 136.0 million, driven by improved outlooks for crops in France, Hungary and Romania.
Other upward revisions included Pakistan (27.0 million from 25.5 million) and Australia (28.9 million from 28.0 million).
The IGC also raised its forecast for global corn production in the 2021/22 season by 1 million tonnes to 1.202 billion tonnes.
Meantime, today also Russian state weather forecaster Roman Vilfand, has cut its estimate for the country’s 2021 grain crop by 3 million tonnes to 121 million tonnes.
Russia, the world’s largest wheat exporter and has been hit by dry and hot weather in part of its central and Volga regions in July month.
The EU’s crop monitoring unit, MARS, in contrast, earlier this week raised its estimate of the average EU softwheat yield to 6.05 tonnes per hectare (t/ha) from a projected 6.01 t/ha in June, adding exceptionally high rainfall in several countries and adding that, it was likely to hit grain quality rather than yields.
