Latest USDA world forecast shows wheat and corn output higher, rice lower

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The U.S. Department of Agriculture released its latest World Agriculture Supply and Demand estimates with following details: Wheat – Global production is up this month with higher estimates for Australia, Canada, and Russia only partly offset by a downward revision for Iran. Global consumption is raised this month on higher feed and residual use more […]

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Record Australia wheat exports seen on bumper crop, strong global demand

A second consecutive record wheat crop, strong global demand, and reduced competition are set to propel Australia’s wheat exports to record volumes, the USDA said in its latest report of world agriculture, making it the third-largest exporter, eclipsing the United States and Canada, which both have smaller crops, tighter stocks, and high prices. After three […]

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China’s corn production at record level; U.S. too expecting second largest corn harvest ever

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In its monthly World Agricultural Production report, USDA’s Foreign Agricultural Service (FAS) indicated that, “USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million tonnes,  5 per cent above the 5-year average of 260.3 million tonnes. Yield is estimated at a record 6.5 metric tons per hectare, highest in five years average. World Agricultural Production. USDA- Foreign Agricultural Service stated that, “The major factors shaping […]

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Australia’s cotton production in 2020/21 marketing year seen 350% higher than previous year

Australia’s cotton production in the 2020/21 marketing year is estimated at 2.8 million 480-pound bales (0.610 million metric tons), up 0.3 million bales from last month, and up 2.2 million bales or roughly 350 percent from the previous year, the U.S. Department of Agriculture said in its latest global agri report. Harvested area is estimated […]

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Data – Latest USDA agri forecast for 2021/22

The U.S. Department of Agriculture provided the following forecast for various crops in its latest World Agriculture Supply and Demand Estimate (WASDE) report: Wheat Global production is raised to a record with larger crops in the European Union, Russia, Ukraine, and the United States. Global consumption is revised higher with more feed and residual use, […]

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Global 2021/22 cotton consumption highest in 4 years on recovery from pandemic

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Record global cotton supply will drive use higher as recovery from the COVID-19 pandemic continues, according to the first forecast for 2021/22 by the U.S. Department of Agriculture (USDA). The USDA said in its latest World Agriculture Supply and Demand Estimate (WASDE) report that global consumption is expected to grow 3.5 percent to almost 122 […]

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Global oilseed supplies for 2021/22 seen slightly higher at 732 million tons

Global oilseed supplies for 2021/22 are projected to increase 3 percent from 2020/21 to 732.4 million tons, with higher prices incentivising an expansion of oilseed area and higher sunflowerseed production after the prior season’s yield-related declines, the U.S. Department of Agriculture (USDA) said in its latest forecast. “Global soybean production is forecast up 22.6 million […]

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World rice production seen at record 505 million tonnes in 2021/22, says USDA

World production for 2021/22 is projected at 505.4 million tons, a record, and up slightly from last year’s record, the U.S. Department of Agriculture (USDA) said in its latest forecast, adding that the largest production increases are expected from China, Thailand, and Bangladesh more than offsetting declines in India and the United States. “Global 2021/22 […]

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