en.Wedoany.com Reported - The U.S. Department of Agriculture (USDA) raised its forecast for Russia's 2026-2027 wheat production by 500,000 tons to 88.5 million tons in its July report, and raised its export forecast from 47 million tons to 47.5 million tons, citing improved winter wheat harvest prospects due to favorable weather.

The harvest estimate is still about 2% lower than the previous season. The USDA raised its average yield estimate to a record 3.53 tons per hectare, 3% higher than the June forecast and last year's level. The harvested area is expected to be 25.1 million hectares, 3% less than the previous estimate and 5% lower than last year. The report stated that yield prospects in all major producing regions have improved due to favorable weather, sufficient precipitation, and moderate temperatures.

On the global market, production forecasts for Russia and Ukraine were raised, while the U.S. production forecast was lowered to its lowest level since the 1970-1971 season, and Canada's forecast was also reduced due to new planted area data. According to USDA estimates, global wheat supplies will decrease by 1 million tons to 1.099 billion tons, mainly due to lower beginning stocks; global consumption will increase by 1.6 million tons to 826.2 million tons, driven by higher food, feed, and industrial use in India, Yemen, Saudi Arabia, and Somalia; global trade will increase by 1.1 million tons to 213.1 million tons, as higher exports from Argentina, Russia, and Ukraine offset lower exports from Canada; global ending stocks will decrease by 2.6 million tons to 272.8 million tons, mainly due to lower stocks in the U.S., India, Argentina, and Canada.