Miller Magazine Issue: 119 November 2019

97 MARKET ANALYSIS MILLER / NOVEMBER 2019 Sowing campaign “Wheat is still in support due to reducti- on and production and a delay in harves- ting, except for the Kazakhstan, Canada, Australia and Argentina. The second sig- nificant factor is the activity on the side of state-owned companies: the wave of tenders and the need to buy parties for them against the background of relatively strong currencies of the Black Sea region also created additional tension.” Ukraine has almost completed sowing: according to produc- ers, 6 million hectares have already been allocated for wheat, with planned areas of 6.2-6.3 million hectares; 1.1 million ha were allotted for barley, sowing completed; under a rapeseed area of 1.1 million hectares, but the sowing was carried out in extremely arid conditions, so analysts monitor the germination: some plants are lagging behind in development. Most likely, part of the area will have to be re-sown in the spring, especially for areas under rape. Similar problems with rapeseed are also ob- served in Romania, which, under the influence of EU demand, is ready to increase sown areas, but because of the drought, they had to be reduced almost twice to the level of 13/14, which pro- vides additional support for the prices of the future crop. In Russia, according to local analysts, 18 million ha are sown un- der winter crops and fieldwork continues. The areas under winter crops already exceed last year, and the condition of crops in the main part of production areas is good. Rains that did not reach the Black Sea region prevented both harvesting and sowing in Elena Faige Neroba Business Development Manager, Maxigrain