Russia's SovEcon cuts 2019 wheat crop forecast

SovEcon, one of the leading agriculture consultancies in Moscow, said on Tuesday it had cut its forecast for Russia's 2019 wheat crop to 82.2 million tonnes from the previously expected 82.6 million tonnes.

The forecast was reduced due to lack of moisture in several regions of Russia, SovEcon said;

Its 2019, barley forecast remains at 20 million tonnes, while the estimate for maize (corn) was raised to 12.2 million tonnes from previous expected 11.8 million tonnes.