The forecast for soft wheat production in the European Union in 2024 has been lowered

Published 2024년 3월 5일

Tridge summary

Excessive rainfall in the EU, especially in France and Germany, is raising concerns about the yield potential for the 2024 planting season. The wet conditions have delayed spring barley sowing in France, the EU's largest grain producer. As a result, Strategie Grains has lowered its forecast for the EU's 2024 soft wheat production, which is expected to be 2.5% lower than last year. Despite these concerns, grain prices remain low, with European wheat and corn prices falling due to improved growing conditions in Argentina and Brazil, and competition from cheap Ukrainian imports. However, rapeseed prices are showing a slight recovery.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Excessive rainfall, which has already hampered planting in some EU countries, continues to raise concerns about the impact on yield potential. German agricultural analyst and grain market expert Dr. Olaf Zinke writes about this in an article published in the agronomic online magazine Agrarheute.com: “Spring sowing 2024 in France and Germany is currently causing concern, in particular in France, rainy conditions continue to create problems for the sowing progress. In most parts of Germany, however, it has recently become a little drier, and sowing and fertilizing have become possible again. FranceAgriMer reports very slow progress in sowing spring barley in France, the EU's largest grain producer. Plantings rose just one percentage point from last week to reach 27% of the country's planted area. Durum wheat plantings in France also increased by only one point over the week. The condition of winter wheat continues to deteriorate slightly. Wheat condition was rated good to excellent ...

Source: Zol