European crop reports show good conditions in most areas, with the exception of Spain, Portugal, and North Africa. The EU Commission expects low yields in these countries, leading to high import needs for the 2023/24 season. The EU's MARS bulletin has increased yield forecasts for soft wheat, winter barley, and rapeseed, while reducing yield forecasts for maize and sunflowers. In the US, winter wheat crops are stabilizing, and maize and soyabean planting are going well. Despite these reports, the market remains bearish, and significant crop issues are needed to shift this trend.