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Agritel, the analytics arm of Argus Media, estimates France's 2023 soft wheat crop at 34.82 million tonnes, up from 33.69 million last year and 1.3% above the five-year average. Yields are forecast at 7.3 t/ha on 4.77 million hectares.
The estimate is below earlier expectations after frost in April and dry weather from mid-May to mid-June.
A crop above average but below earlier forecasts leaves EU wheat supply only moderately tighter, so the price effect is limited. Buyers should watch whether further harvest losses or export demand shift the balance.
ukragroconsult.com28 jul 2023Tras 224 eventos neutral de clima pasados, Trigo (SRW) se movió una mediana de -0,1 % en 5 sesiones (46% al alza; mitad central entre -1,4 % y +1,5 %), y +0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
