Global Wheat Harvest Has Good Prospects

Delegates at the International Grains Council (IGC) Grain Conference in London received good news about the global wheat harvest and U.S. soybean exporters' performance, while also discussing biofuels and legumes. The information was presented by experts on June 10 and 11. Isabelle Tranter, meteorologist at Aura Commodities Ltd., highlighted the 2024 European wheat crop, benefiting from dry periods and increased planted area in countries like France, Germany, and the United Kingdom. European production is expected to reach 140 million tons, with some localized concerns in France and Poland. Russia and Ukraine should maintain stable production, while in the U.S., the winter wheat crop is expected to grow by about 1 million tons, despite the impact of La Niña. China, meanwhile, faces losses due to hot and dry weather. Rosalind Leeck from the U.S. Soybean Export Council emphasized that China remains the largest market, despite the drop in American participation after the 2017 trade ...