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The average yield to date was 2.38 tons a hectare, 0.13 tons less on the year. Wheat harvest to date was 62 million tons, compared with 65.9 million tons on the year. Barley harvest to date was 18.5 million tons compared with 24 million tons a year ago.

Corn harvest to date was 2.2 million tons, 2.3 million tons less than a year ago. Russia harvested 108.1 million tons of grain in 2008.

Source: CME Group

“The current [economic] crisis is historically unprecedented in several ways,” Diouf said in the speech at the U.N.’s Food and Agriculture Organization’s headquarters in Rome. “As developing countries are more financially
and commercially integrated in the world economy, a drop in the global demand or supply and in credit availability had immediate repercussions on them,” he said.

Grain stocks in Ukraine on Oct. 1 totaled 23.4 million metric tons, 7% less than on the same date last year, the state statistics committee said Thursday. The grain stocks included 13 million tons of wheat, 6.2 million tons of barley, 1.1 million tons of corn and 900,000 tons of rye.

U.S. stocks rallied, sending the Dow Jones Industrial Average above 10,000 for the first time in a year, on better-than-estimated earnings at JPMorgan Chase & Co. and Intel Corp. Oil climbed, while the Dollar Index slid to the lowest level since August 2008 and Treasuries fell.