date:May 26, 2014
ers planting intentions indicate an increase in area planted from last years level to close to 4 million hectares, mainly in response to high domestic wheat prices. However, at the expected level the area planted is still below historical levels, due to wheat export restrictions -- that will remain in place for a second year in a row -- aiming to increase national stocks.
Assuming normal weather conditions during the cropping season, initial forecasts point to a wheat production of close to 11