Russian wheat crop forecast for 2023 upped by 1.5 MMT – SovEcon

The estimate was revised due to favorable weather conditions in the key farming regions.

Russian wheat crop forecast for 2023 has been raised by 1.5 million of metric tons (MMT) to 86.8 MMT, as per SovEcon’s Russian wheat crop report. The estimate was revised due to favorable weather conditions in the key farming regions.

In March and April, the weather in the key wheat-growing regions of Russia was mostly favorable, with observed precipitation ranging from 35-80 millimeters (mm) in the Center and 80-125 mm in the South.

The Volga region is facing more challenging conditions with observed precipitation estimated at 5-35mm, which is around 40-60% of the normal level for this time of the year.

The projected wheat crop for 2023 is expected to be 17% lower than last year’s crop of 104.2 MMT, but it is anticipated to be 5% higher than the five-year average of 82.5 MMT.

Due to improved prospects for the new crop and record-high stocks the current season’s high supply of Russian wheat is expected to continue into the upcoming season.

Follow the Black Sea grain market

Get your free trial of The Sizov Report — an analytical service covering agricultural markets of Russia, Ukraine and Kazakhstan

Try for free

More Articles for You

Russian on-farm wheat stocks are double the average

Increase in stocks can be attributed to the record-high wheat crop and relatively sluggish exports at the beginning of the export season.

Russian 2023 wheat crop estimate upped to 88 MMT

The estimate was revised up amid favorable weather conditions in the South.

Weekly Russian wheat exports decline to February low

The exports declined amid the sluggish demand at the end of the export season.

Russian wheat is being seeded at a record-high pace

Wheat is seeded at a rapid pace amid favorable weather conditions and warm temperatures at the beginning of the sowing campaign.

Russian wheat stocks are 79% higher than average – SovEcon

The stocks have significantly surpassed the average due to the record-high wheat crop and relatively sluggish exports.

Russia’s outstanding wheat sales hit multi-month low

The sales are declining amid the lower competitiveness of the Russian wheat.