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The U.S. has reduced the winter wheat crop in key grain States
Sowing area under winter wheat decreased by 10% on average
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In the fall of 2015 U.S. farmers planted fewer acres of winter wheat, according to the national agricultural statistics service, USA. In its evaluation of the grain production has declined even among the largest producers of top grain American grain market.

According to the latest report of the Ministry of agriculture of USA (USDA) as at 31 December was lowered a rating of the winter wheat crop in key grain States of America:

Kansas 8% to 8.5 million hectares.
TX by 12% to 5.3 million hectares
Oklahoma - 8% to 4.9 million hectares.

As a result of flooding downgraded the rating of winter wheat in Illinois. On 31.01.15 went up 58% of the crop. According to American farmers one of the reasons for reducing the number of areas sown under wheat was a rainy autumn, resulting in the delayed harvesting of the soybeans in the fields. For the same reason the farmers were late in sowing winter wheat harvest 2016.

Now investors expect the review of the world grain market and stocks in the United States. USDA will publish it soon. Note that in addition to wheat, there will be also information about the state of the market of corn, soybeans, cotton and rice.

According to the consensus forecast, the stocks of wheat in the USA on 1st December be 1,698 billion bushels. It is considerably less inventory on the 1st of September, amounted to 2,089 billion bushels. In this case investors do not expect a significant reduction in world wheat stocks at the end of the 2015/16 season. According to them, they will be 229,6 million tons. In the review for last month, USDA estimated that 229,86 million tons.



 



Translated by service "Yandex.Translation"
Источники: Agro2b
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