Russian Ag. Scientists Believe Peak Of Grain Damage Has Passed - Reuters

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EDIT

The International Grains Council confirmed the impact of drought and floods in the key Black Sea growing area as it cut its 2010/11 forecast of global wheat output by 13 million tonnes to 651 million tonnes, but said it would still be the third highest crop on record.

"A prolonged period of dry weather and high temperatures significantly reduced yield prospects in Russia, Kazakhstan, parts of Ukraine and northwestern areas of the EU, while wet weather and flooding were detrimental for crops in Canada and parts of south-eastern Europe," the IGC said on Thursday.

Anna Strashnaya, head of the Agricultural Forecasts Department at Russia's Hydrometeorological Service (Rosgidromet) told Reuters further crop damage was likely to be limited. "I don't think any more damage may be done to grains," she said. "Now we have to harvest what is left."

This confirms Wednesday's statement by CEO and President of SovEcon agricultural analysts Andrei Sizov Sr. "Basically, the peak of losses have been passed. What has been burned has been burned," Sizov told Reuters on Wednesday, commenting on the Black Sea region crop losses.

RAINS COMING

EDIT

http://tinyurl.com/2e5r8ms

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1. Wow, that takes me back

I probably haven't been paying very close attention, but I haven't heard anything about Russian wheat forecasts in decades.