Getreide Cockpit, 19.07.2019

The latest release from the US Department of Agriculture (USDA) on global wheat production reveals significant differences from the previous month's estimate. The global harvest forecast was significantly reduced by 9.4 to 771.5 million t. However, the previous year's result is still exceeded by 5.5% and the 5-year average by 3.8%. For the most important wheat exporters, the harvest forecasts...

Expert Opinion: 

The drought at the end of June in Europe had an impact on wheat field populations. This is now reflected in the USDA's harvest forecasts, and global production and stock estimates have been cut. But the supply remains abundant and Russia's top exporter of wheat.