Favorable weather and high crops
The wheat production forecast was further increased by 0.1 million tonnes, reaching 84.2 million tonnes. Overall, the forecast was raised by 3.5 million tonnes in July due to favorable weather for spring wheat in Siberia and the Urals and relatively high winter wheat yields in the south.
Russia's barley production forecast was raised by 0.7 million tonnes to 19.3 million tonnes, due to relatively high winter barley yields in the south and favorable weather conditions in the Volga region.
Less corn
At the same time, the corn harvest forecast was lowered by 1.2 million tons to 13.4 million tons due to drought and high temperatures in southern Russia.
Major weather models predict that unfavorable weather will continue in the near future, increasing the likelihood of further downward forecast revisions, experts emphasized.
