The latest AMIS report published today show improved crop prospects along with diminishing concerns over shipments from the Black Sea region have kept prices under pressure. World inventories of major cereals are foreseen to grow further in the new season.

Wheat - Overall conditions are still mostly favourable in the northern hemisphere. However, significant concern continues in the US southern plains due to dry conditions. In Canada the cool weather continued and is causing some delays for spring wheat. In Turkey there is concern due to hot dry weather. In the southern hemisphere planting is progressing and conditions are generally favourable at this early stage of the season, with some concern over dry conditions in parts of South Africa and Australia.

Wheat: In the northern hemisphere winter wheat conditions are still generally favourable.

Russia, winter wheat conditions are mostly good except in parts of the southern growing regions, where there is some concern over hot dry weather that developed towards the end of the month. Spring wheat planting is nearly complete and conditions are generally favourable at this early stage.

Ukraine, conditions are good and crop development is ahead of average. In the EU prospects are favourable, and similar to last year.

Turkey conditions are of concern due to prolonged above average temperatures and dry conditions, with the exception of western growing areas. Low levels of water reservoirs are also a concern for irrigated areas.

Canada, overall conditions for winter and spring wheat are still favourable, however below-normal temperatures across most of the growing regions continued, and delayed field operations and planting by up to one week are particularly affecting spring wheat in the eastern prairies.

US, winter wheat conditions are still mixed. In the Southern Plains, the heart of the winter wheat region, drought has continued to hamper crop conditions and production is expected to be down notably in that area. Other winter wheat growing areas have closer to normal conditions, helping salvage the US production, which is still expected to be down from last year. The spring wheat development is proceeding normally.

Mexico, overall conditions are favourable. However, the lack of cool temperatures in parts of the growing regions may decrease production slightly.

China, conditions are generally favourable for winter wheat, which is in flowering to harvest stages.

Brazil, planting is progressing and will continue through mid-June in the major producing states. Conditions at this early stage of the season are good and area is expected to increase.

South Africa, planting is in progress in the winter rainfall region in the south-western part of the country. Following a wet summer, dry conditions have prevailed and are negatively impacting planting, however rainfall is expected in coming days.

Australia, planting is on-going and overall conditions are favourable, however there is concern over dry conditions in north-eastern growing regions, which has limited planting opportunities.
In Argentina, planting has started, however has been hampered due to excess moisture.

image expired

The full report can be accessed here.