Severe Wheat Losses Anticipated in Russia's 2012 Harvest

August 8, 2012

Severe wheat losses are anticipated in Russia’s 2012 harvest from a series of adverse weather events affecting both winter and spring wheat.

 SovEcon Wheat Estimate Revised Lower 

Russia grain crop projections have sunk about as fast as US corn, both on a downhill slide from record setting heat.   SovEcon this week reduced  its Russia grain production estimate to 72-75 million metric tons.  That compares to an earlier peg of 78.5 - 82.5 million metric tons.

Troubles began  when  sudden and intense spring drought developed in Volgograd, Rostov and Krasnodar,  3 of the 4 main winter wheat districts in Southern Russia.    Drought subsequently expanded into the Volga District,  a mixed winter- and spring wheat region that grows 27-28% of the national wheat harvest... subscribers continue to full story...