Tridge summary
Drier weather is expected to aid winter wheat harvest in the US Midwest, while rainy weather and warmer temperatures will benefit crops in Canada. However, limited rainfall and potential frost are forecasted in Argentina, and high temperatures and rainfall are expected in France and Germany. The Paris wheat market is experiencing pressure due to low Russian export levels and concerns about crop quality. Excessive rainfall in the EU has adversely affected crop development and harvest progress, reducing potential yields. However, conditions are improving in the US and Canada, and planting is progressing well in Argentina and Australia. Global production is expected to slightly increase to 789.1 million tonnes in 2024, with improved prospects for several countries, but world trade has been cut to 197.1 million tonnes due to weaker imports expected in India and Turkey.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The weather In the US Midwest, drier weather is expected to make good progress for winter wheat harvest. In Canada, rainy weather will help crops develop, and next week will also see warmer temperatures. In Argentina, limited rainfall is forecast for most of the agrarian belt, while a cold air front may cause frost in several regions, although no crop damage is expected. High temperatures and further rainfall are expected for France and Germany, keeping concerns about crop quality alive. In the Black Sea, dry and warm weather is expected to help speed up the harvest, although it will be a big problem for springers. Highlights from the global market Although higher for the week, the Paris wheat market remains under pressure from continued weakness in Russian wheat export levels amid better news on the new crop, which is currently forecast in the 79.3-85 million tonne range. But it should not be forgotten that spring wheat represents more than 30%, and there is still a lot of ...
Source: Agroportal
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