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...