Mark Lindeman, USDA commented on grain acreage and production estimates in RUK (video)
According to USDA’s Crop Assessment Analyst Mark Lindeman, plantings and harvests of staple cereals and oil crops in Russia, Ukraine and Kazakhstan will slightly shrink in MY 2017/18 against MY 2016/17.
According to his forecast, presented within the XIV International Conference "Black Sea Grain", Ukraine’s wheat crop (including Crimea) will drop from 26.8 to 26 MMT, while that of barley will fall from 9.9 to 7.5 MMT, corn from 28 to 27 MMT and sunseed from 13.8 to 12.5 MMT.
Only soybeans are to slightly increase from 4.3 to 4.5 MMT. Similar trends will be observed in Russia and Kazakhstan, too.
Also, the expert predicted that Ukrainian farmers would sow less barley (3.1 – 2.5 Ml ha), corn (4.3 – 4.2 Ml ha) and sunflower (5.2 – 5.7 Ml ha). Wheat plantings will expand from 6.5 to 6.6 Ml ha and soya plantings will grow from 1.8 to 2 Ml ha.
M. Lindeman added that wheat yield would decrease 5% from last year’s high, to a level of 3.94 MT/ha. Supposedly, Ukraine will harvest 26 MMT of wheat this year.
When analyzing margins of staple crops in Ukraine, the speaker pointed out that the most profitable crop is sunflower (51%), while 27% of returns are generated by corn, rapeseed and soybeans. Profitability of wheat and barley cultivation is 16% and 10%, respectively.
XIV International Conference “Black Sea Grain: Wind of Change” took place on April 5-6, 2017 in Kiev, Ukraine, and brought together over 700 agribusiness operators from 55 countries worldwide. Organizer – consulting agency UkrAgroConsult.