Ukraine Harvest Progress Latest

Ukrainian farmers had harvested 7.1 MMT of grain as of July 10th off 22% of the total planted area, according to the Agriculture Ministry.

Eighteen percent of the nation's wheat area had been harvested, producing 3 MMT with an average yield of 2.61 MT/hectare, they say.

Yields will need to pick up significantly from these levels to meet the Ministry's projected grain harvest of 42-43 MMT.

Wheat yields last season averaged a bumper 3.5 MT/hectare when production came in at 25.9 MMT. A drop to 2.61 MT/hectare would give us a crop below 17 MMT this year.