Miller Magazine Issue: 127 July 2020

89 MARKET ANALYSIS MILLER / JULY 2020 Happy new year A new grain year has begun. It carries fewer risks of the coronavirus - the business is used to working in a new reality. Harvesting campaign in the Black Sea and US is in full swing, and trade depends on estimates of production, harvesting rates, and crop quality. Russia harvested more than 3 MMT of grain, Ukraine - more than 1 MMT . Forecasts are becoming increasingly pessimistic. Elena Faige Neroba Business Development Manager Maxigrain A new grain year has begun. It carries fewer risks of the coro- navirus - the business is used to working in a new reality. Har- vesting campaign in the Black Sea and US is in full swing, and trade depends on estimates of production, harvesting rates, and crop quality. Russia harvested more than 3 MMT of grain, Uk- raine - more than 1 MMT . Forecasts are becoming increasingly pessimistic. While there is a battle with the weather in the fields, in the cabinets there is also a struggle for the crop. As of July 1, offici- ally forecast for wheat production, and now it is the most inte- resting in the cash market, is absent in Ukraine. And, therefore, there is no understanding of export potential. The representative of USDA in Ukraine in the last of the published "field" reports the decree n digits, far from the expectations of all associations, analysts and other authoritative experts: 24,7 MMT the Crimea (310 thousand hectares of winter wheat only, albeit with a yield of 3 t / ha, it is almost 1MMT), and 15.4MMT of export potenti-