Market participants are closely watching winter crop condition is Ukraine.
Late planting, a substantial temperature drop in November preceded by drought have added to the risk of crop loss while wintering. The first forecasts have appeared, suggesting that over 15% of winter crops will be reseeded in spring. This is a rather pessimistic scenario, as the winter loss rate for grain crops was 2-7% in the previous years.
Therefore it is interesting to compare the current condition of crops with data for the previous few years.
Noteworthy is that the Ag Ministry estimates grain plantings at 6898 thousand ha as of November 11, or up by 4.8% YoY. Crops have emerged on 84% of their sown area.
The situation with seedlings is a little worse than the five-year average but much better than in 2015. (UkrAgroConsult/Business World Magazine)
