Lanworth sees world wheat production below USDA view

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

Crop forecaster Lanworth said on Wednesday it estimates world wheat production below the U.S. government's forecasts due to warm and dry weather in key growing areas of the United States and Russia.

Lanworth said it sees 2013/14 world corn production at 965 million tonnes, below the U.S. Agriculture Department's estimate of 965.94 million tonnes. It forecast world soybean production at 286 million tonnes compared to USDA's 285.5 million.

Lanworth raised its forecast for 2013/14 U.S. soybean production to 3.430 billion bushels from 3.425 billion.

For wheat, Lanworth said it expected world production of 694 million tonnes in the 2013/14 crop year, below the USDA forecast of 701.1 million tonnes.

USDA estimates 2013/14 total U.S. wheat production at 55.98 million tonnes, while Lanworth predicts it at 55.0 million, even after boosting its U.S. winter wheat harvest estimate.

Lanworth raised its forecast for U.S. winter wheat production to 1.454 billion bushels from 1.444 billion.

It cut its estimate of the 2013/14 Australian wheat harvest to 24.1 million tonnes from 24.3 million due to dry conditions. It also lowered its 2013/14 Ukraine wheat production outlook to 20.3 million tonnes from 21.9 million.

The forecaster also cut its estimate of 2012/13 Brazil corn production to 78.1 million tonnes from 78.5 million.

Lanworth is a brand of Thomson Reuters Commodities Research and Forecasts. A Lanworth spokesman said the reported estimates are the midpoints of confidence ranges.


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Pacesetter Grain Hopper

The Pacesetter Gain Hopper features original and innovative ideas like the patented RollerTrap™, the industry’s easiest to open and maintain trap ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form