Russian Wheat Crop Estimated At 79.5 Million Metric Tonnes
- Russian wheat production this year could reach 79.5 million tonnes, one of the biggest volumes ever, after farmers sowed a record winter wheat area.
- Russian agri-consultant IKAR predicts that total Russian wheat acres will expand from last year.
- IKAR estimates that 2020/21 winter wheat area at 16.3 million hectares (MH) up from 15.9 MH in 19/20.
- IKAR estimates that Russian spring wheat acres will be flat or slightly above last year's level of 12.3 MH.
- Last year Russia produced 73.5MT of wheat.
- FBN’s Take On What It Means For The Farmer: We believe that the increase in Russian wheat acres represents a potential negative for the U.S. hard red winter wheat producer. While the expansion of Russia’s 20/21 winter wheat acres is well known inside the global market, we believe that a shrinking 20/21 U.S. HRW acres combined with a strong US dollar can once again make U.S. HRW the residual supplier to the world.
African Swine Fever Found In Philippines
- Hogs in the southern part of the Philippines, tested positive for the African swine fever (ASF) virus.
- The Philippines is the world's 10th largest pork consumer. The Philippines is also the world's seventh-biggest pork importer.
- ASF was first reported in September 2019, in some backyard farms near Manila, the country's capital.
- There is no vaccine for ASF.
- The Philippines are a top 20 export destination for U.S. pork.
- FBN’s Take On What It Means For The Farmer: While it’s unknown if ASF has entered the commercial hog herd in the Philippines, we believe that believe that ASF in the Philippines could be a positive for the U.S. pork export program.
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