Tidbits
Strategies Grain lowered their EU soft wheat production estimate by 5.8 million to 116.5 million tons, 8.4% lower from 2023.
The USDA expects the EU 2024/25 wheat crop to decline by 6% from the previous year to 127.4 million tons.
USDA’s Foreign Agricultural Services (FAS) also revised its projection for the 2024/25 EU corn crop 4.2 million lower to 59.8 million mts.
Overall, the EU is projected to produce 267.3 million tons of grain, down more than 8 million from the previous forecast due to a combination of smaller area planted and lower yields affecting all grains except for barley and oats.
South Australia’s total grain production for 2024-25 season has been reduced by 10% from May estimate, to 7.7 million tons.