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- (-) Coarse Grains (excl. corn)
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FAS/Sofia’s marketing year (MY) 2023/24 corn production estimate is lowered to 2.5 million metric tons (MMT) based on the harvest progress to date. The corn crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.
On October 27, 2023, India’s Ministry of Agriculture and Farmers Welfare (MOAFW) released Indian crop year (ICY) 2023/2024 (July-June) First Advance Estimate for the kharif (fall harvested) crop.
Wheat and barley crops have had a great start to the season, with high soil moisture reserves and good rains in the fall. But rainfall has been well below average from July to September 2023.
FAS Ottawa forecasts total wheat production to be 31.1 million metric tons (MT), down ten percent year-over-year (y/y) on lower yields due to widespread drought across the prairie provinces.