Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 by 0.2 million metric tons to 83.0 million metric tons, citing improved crop conditions in parts of central Russia.
U.S. crop conditions, weaker loonie also raise prices
Midwestern farmers abandoning wheat crops as profits recede, weather challenges
Weather, geopolitical risk provide support
Few changes the central theme in June report
Report unlikely to have notable changes
Wheat production fell last year for several reasons
U.S. Great Plains farmers skipping the cereal in favour of more profitable crops
Higher U.S. prices encourage stronger cash prices