Miller Magazine Issue: 118 October 2019

52 COVER STORY MILLER / OCTOBER 2019 The more buoyant expectations mostly rest on an improved outlook for global barley production, while the overall positive prospects for the world maize output were further reinforced following a lifting of the production estimate for Brazil, where the major second season harvest is nearing completion. Additionally, the forecast for maize production in the United States has been raised on larger-than-expected plantings; however, an equivalent cut in the forecast for the European Union’s production negated any impact on the global outlook. Looking further ahead, planting of the 2020 wheat crop in the Northern Hemisphere is already underway. In the Russian Federation, early indications point to an area ex- pansion, which would support the short-term trend under- pinned by government policies that seek to boost exports, while by contrast dry weather conditions have curtailed planting expectations in Ukraine. For coarse grains, the 2020 crops are being planted in southern hemisphere countries, with harvesting expected to commence in the first quarter of next year. In Brazil, following a record out- put in 2019, plantings of the first season crops are pro- gressing under mostly favourable weather conditions and :RUOG &HUHDO 0DUNHW HVWLPDWH )RUHFDVW 3UHYLRXV 6HSW &XUUHQW 2FW (……………………………million tons……………………………) 3URGXFWLRQ 6XSSO\ 8WLOL]DWLRQ 7UDGH (QGLQJ 6WRFNV (……………………………SHUFHQW……………………………) :RUOG VWRFN WR XVH UDWLR 0DMRU exporters’ VWRFN WR GLVDSSHDUDQFH UDWLR :RUOG :KHDW 0DUNHW HVWLPDWH )RUHFDVW 3UHYLRXV 6HSW &XUUHQW 2FW (……………………………million tons……………………………) 3URGXFWLRQ 6XSSO\ 8WLOL]DWLRQ 7UDGH (QGLQJ 6WRFNV (……………………………SHUFHQW……………………………) :RUOG VWRFN WR XVH UDWLR 0DMRU exporters’ VWRFN WR GLVDSSHDUDQFH UDWLR 1/ Production data refer to the calendar year of the first year shown. Rice production is expressed in milled terms. 2/ Production plus opening stocks. 3/ Trade data refer to exports based on a July/June marketing season for wheat and coarse grains and on a January/December marketing season for rice (second year shown). 4/ May not equal the difference between supply and utilization due to differences in individual country marketing years. 5/ Major wheat exporters are Argentina, Australia, Canada, the EU, Kazakhstan, Russian Federation, Ukraine and the United States; major coarse grain exporters are Argentina, Australia, Brazil, Canada, the EU, Russian Federation, Ukraine and the United States; major rice exporters are India, Pakistan, Thailand, the United States, and Viet Nam. Disappearance is defined as domestic utilization plus exports for any given season. :RUOG &HUHDO 0DUNHW HVWLPDWH )RUHFDVW 3UHYLRXV 6HSW &XUUHQW 2FW (……………………………million tons……………………………) 3URGXFWLRQ 6XSSO\ 8WLOL]DWLRQ 7UDGH (QGLQJ 6WRFNV (……………………………SHUFHQW……………………………) :RUOG VWRFN WR XVH UDWLR 0DMRU exporters’ VWRFN WR GLVDSSHDUDQFH UDWLR :RUOG :KHDW 0DUNHW HVWLPDWH )RUHFDVW 3UHYLRXV 6HSW &XUUHQW 2FW (……………………………million tons……………………………) 3URGXFWLRQ 6XSSO\ 8WLOL]DWLRQ 7UDGH (QGLQJ 6WRFNV (……………………………SHUFHQW……………………………) :RUOG VWRFN WR XVH UDWLR 0DMRU exporters’ VWRFN WR GLVDSSHDUDQFH UDWLR 1/ Production data refer to the calendar year of the first year shown. Rice production is expressed in milled terms. 2/ Production plus opening stocks. 3/ Trade data refer to exports based on a July/June marketing season for wheat and coarse grains and on a January/December marketing season for rice (second year shown). 4/ May not equal the difference between supply and utilization due to differences in individual country marketing years. 5/ Major wheat exporters are Argentina, Australia, Canada, the EU, Kazakhstan, Russian Federation, Ukraine and the United States; major coarse grain exporters are Argentina, Australia, Brazil, Canada, the EU, Russian Federation, Ukraine and the United States; major rice exporters are India, Pakistan, Thailand, the United States, and Viet Nam. Disappearance is defined as domestic utilization plus exports for any given season.