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World Wheat Crop Condition Expectations
by KayDee Gilkey, click here for bio
Program: Farm and Ranch Report
Date: February 21, 2017
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Douglas: “If we go down and look at South America, their crop condition in terms of their summer crops is pretty darn good. In fact even in Northern Brazil where it is still drier than normal — it is not as bad as last year. So production out of South America ought to be should be equal to if not better than last year. With El Nino though, as we get into the June and July period Argentina typically has mild, wet winters so that is going to be ideal for their winter planting. On the other hand, if we go to Australia it is already started drying out. And as El Nino again keeps on developing towards May, June and July, conditions if they are already dry will get even drier. They are going have problems with planting the wheat. It could be that the soils will be too dry. As they go into their growing seasons — July, August September — they may have a real problem with their crop. The rest of the world in Northern Hemisphere winter — we are seeing good growing conditions in India so they should have a good wheat crop. China has had very good moisture throughout the winter and also very mild conditions. So their spring crops especially their winter wheat, oats and barley should be in good shape. If we get into Russia and the Ukraine — the Ukraine had some good snowfall and they had some good rains later in the fall and I think their crop is going to be great. It is a little drier in Russia but not as bad as it was the previous two years.”
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