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Black Sea Wheat crop forecast increases

The USDA has increased its forecast of Wheat for the Black Sea area up some 8.6 million tonnes up on the forecast from last month. The area which takes in Russia, Kazakhstan and Ukraine is expected to harvest 133.8 million tonnes of Wheat

The good Black Sea crops have been offset by the reduced forecast for the Canadian Wheat crop down by $1.9 million tonnes to 26.5 million tonnes and the US crop by 1/2 a million tonne to 47.3 million tonnes.

The Australian Wheat crop is unchanged at 23.5 million tonne
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