Miller Magazine Issue: 129 September 2020

87 MARKET ANALYSIS MILLER / September 2020 ced by news from Russia and Ukraine. According to the data of the Ministry of Economy of Ukraine, based on a survey of farmers, the wheat harvesting campa- ign has been completed, the yield is estimated at 26.7 MMT. IKAR overestimated the production potential in the Russian Federation to 82.9MMT. Australia is still set to harvest up to 30MMT of wheat (the most con- servative estimate is 26MMT), while Canada is expec- ted to harvest 35.74MT, which is + 11% YoY. The crop will be the second largest crop af- ter 37.6MMT in 2013. Average production of all wheat for 5 years ~ 30.9 MMT. Argentina's wheat crop in 2020/21 could fall by 50% in the northern and cent- ral parts of the country's agricultural belt due to drought, exacerbated by unusually severe frosts and crop-eating pests, the Buenos Aires Grain Exchange said. Prices for food wheat of European origin continue to strengthen. Reuters notes that Polish wheat is already being considered as an alternative to French wheat in the Algerian market. BARLEY Argentina intends to sell at least 250kMT to China this year and a record 380kMT in 2021, Reuters re-