USDA boosts Russia, EU, Ukraine wheat output estimates for 2019-20.

USDA raised its estimate for Russia wheat production for 2019-20 (October-September) by 1.5 million mt to 74 million mt and that of the European Union by 1 million mt to 153 million mt on updated harvest results. The department also raised the wheat output estimate for Ukraine by 300,000 mt to 29 MMT. The latest estimate for Russian wheat production is lower than the S&P Global Platts Analytics estimate of 75.3 million mt for the same period. On the other hand, EU's production estimate by USDA is higher than Platts Analytics estimate of 151.7 million mt.

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