Ukraine Winter Seeded Area Up On Year Ago

The Ukraine State Statistics Committee say that farmers have planted 3.7% more winter grains for the 2010 harvest than a year ago.

They must think that they know something we don't, as they must be one of the few nations on the planet to think they've spotted an opportunity in the barley market.

Ukrainian farmers have decided to inexplicably increase barley plantings, up from 15.3% of seeded area last season to 18.6% this time round. Good luck with that one Ukraine, but I think that you might be better off sticking to the Eurovision Song Contest.

Wheat's share of the sown area is down slightly from 78.8% to 77.9%.