Global record corn and soybean harvests

There are many factors that influence the prices of raw materials for animal feed. The oil price, the gold price, the stock market, unrest in the world. But supply and demand remain important. The latter is a matter of area and cultivation success. What are the global yield forecasts halfway through this year? What consequences does this have for the market? We take a look at the most recent reports from authorities in the field of agricultural market information. Record harvests for corn and soy are expected. At the end of July, the International Grains Council (IGC) gave an update on the expected global grain yield for 2024. It stated that global wheat production will increase by more than 800 million tons this year. This may be the second largest production ever. However, this is not due to the European wheat yields. These are very variable this year. Due to excessive rainfall, French and German wheat harvests are well below average. In France, the lowest wheat yield of the ...