USDA World Agricultural Production Report (5/12): Ukraine's Wheat Production Forecast Down 35%

Russia's invasion of Ukraine will reduce that country's wheat production by about 35%, according to a World Agricultural Production Report published today by the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA).

Meanwhile, Russia itself is expected to produce its third-highest wheat crop on record.

As for other world wheat producers, Canada's production is forecast up 52%, China's production is projected down 1%, while India's production is expected to be impacted only slightly by extreme heat.

For the full report, click here.