Russian Barley And Rapeseed Yields Slashed

The Russian harvest has reaped 4.2 MMT of barley so far at an average yield of just 1.99 MT/ha, according to the Ag Minstry. That's a whopping 34% down on last season's average yield of 3.02 MT/ha. If you think that's a bad result have a look at the rapeseed yield: 1.93 MT/ha compared to 5.16 MT/ha in 2009, a stunning decline of 63%. Wheat yields however don't seem as bad as the market is currently suggesting, with 24.6 MMT already cut coming in at 2.56 MT/ha, a reduction of only 12% on last season's 2.92 MT/ha.