The European Union wheat harvest, the world's biggest, received its second downgrade in two days, thanks to dryness in France and Spain, as Strategie Grains lowered its forecast, again.
Paris-based Strategie Grains cut by 900,000 tonnes to 140.7m tonnes its estimate for the EU soft wheat harvest - reducing it to within 5m tonnes of last year's result, when production was undermined by ill-timed rains in France.
The downgrade followed cuts of 1.1m tonnes to the harvest estimate in both April and May reports.
And it left the group's estimate of the total EU wheat crop, including durum, at 149.3m tonnes – a rise of just 3.3m tonnes year on year.
French, Spanish setbacks
Strategie Grains cited weaker yield prospects and France and Spain as behind the downgrade, with excessive heat seen curtailing development during the grain filling phase.
Nonetheless, the estimate for the French harvest, at 36.3m tonnes, was above an interim forecast of 35.6m tonnes made late last month, with the group saying that a farm tour had revealed crops more advanced than had been thought, curtailing their vulnerability to the heat.
The revisions come hours after the US Department of Agriculture lowered its forecast for the EU all-wheat harvest by 750,000 tonnes to 150.0m tonnes, citing "smaller expected crops in Spain and France".
The USDA also trimmed by 500,000 tonnes, to 30.0m tonnes, its forecast for EU all-wheat exports in 2017-18, demoting the bloc to second behind Russia in the world shipping league.
However, the Strategie Grains estimate is in line with that from the International Grains Council, which has pegged all-wheat output at 149.4m tonnes, and above a 147.6m-tonne forecast of "usable production" from the European Commission.
Rains in Germany, the European Union’s second-biggest wheat grower, are adding to concerns about a global death of high-protein crops favored for making specialty breads and pizza crusts, reports AgWeb. Downpours in the past three to four weeks have been detrimental to German wheat and the heaviest rains have been in northeastern areas, which has reduced quality,
Then add in Australia and Canada is not awesome from sea to sea like all the bull shit reports heat this week and next and no sign of rain will take our yields down big time.
Wheat up .11 today i think the usda report was just old info that doesn't reflect whats happening in USA today.
Paris-based Strategie Grains cut by 900,000 tonnes to 140.7m tonnes its estimate for the EU soft wheat harvest - reducing it to within 5m tonnes of last year's result, when production was undermined by ill-timed rains in France.
The downgrade followed cuts of 1.1m tonnes to the harvest estimate in both April and May reports.
And it left the group's estimate of the total EU wheat crop, including durum, at 149.3m tonnes – a rise of just 3.3m tonnes year on year.
French, Spanish setbacks
Strategie Grains cited weaker yield prospects and France and Spain as behind the downgrade, with excessive heat seen curtailing development during the grain filling phase.
Nonetheless, the estimate for the French harvest, at 36.3m tonnes, was above an interim forecast of 35.6m tonnes made late last month, with the group saying that a farm tour had revealed crops more advanced than had been thought, curtailing their vulnerability to the heat.
The revisions come hours after the US Department of Agriculture lowered its forecast for the EU all-wheat harvest by 750,000 tonnes to 150.0m tonnes, citing "smaller expected crops in Spain and France".
The USDA also trimmed by 500,000 tonnes, to 30.0m tonnes, its forecast for EU all-wheat exports in 2017-18, demoting the bloc to second behind Russia in the world shipping league.
However, the Strategie Grains estimate is in line with that from the International Grains Council, which has pegged all-wheat output at 149.4m tonnes, and above a 147.6m-tonne forecast of "usable production" from the European Commission.
Rains in Germany, the European Union’s second-biggest wheat grower, are adding to concerns about a global death of high-protein crops favored for making specialty breads and pizza crusts, reports AgWeb. Downpours in the past three to four weeks have been detrimental to German wheat and the heaviest rains have been in northeastern areas, which has reduced quality,
Then add in Australia and Canada is not awesome from sea to sea like all the bull shit reports heat this week and next and no sign of rain will take our yields down big time.
Wheat up .11 today i think the usda report was just old info that doesn't reflect whats happening in USA today.