# Strategie Grains enhances EU wheat crop forecast again - Markets - Business Recorder

> Strategie Grains raised its forecast of EU soft wheat output for 2023/24 to 129.7 million tonnes, from 129.3 million in January. It cited good growing conditions, though it noted dryness in France and Spain. The consultancy also trimmed its 2023/24 maize production outlook to 63.4 million tonnes.

- Date: 2023-02-09 · published 2023-02-09T12:00:00.000Z
- Category: report · region EU · magnitude low
- Page: https://feedsoft.ai/events/37268-strategie-grains-enhances-eu-wheat-crop-forecast-again-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger EU wheat crop next season would add to export competition from Russia and Australia and could leave sharply higher EU supplies, which is bearish for wheat prices. The small maize cut is minor against that.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-15 | [Strategie Grains keeps EU wheat crop forecast despite France cut - Markets - Business Recorder](https://feedsoft.ai/events/47026-strategie-grains-keeps-eu-wheat-crop-forecast-despite-france-cut-markets.md) | -1.3% | -4.1% |
| WHEAT | 2021-09-07 | [Australia lifts wheat forecast - Markets - Business Recorder](https://feedsoft.ai/events/45030-australia-lifts-wheat-forecast-markets-business-recorder.md) | +1.8% | +5.2% |
| WHEAT | 2024-05-17 | [Strategie Grains raises EU soft wheat crop forecast to 123.5 mln tons](https://feedsoft.ai/events/30175-strategie-grains-raises-eu-soft-wheat-crop-forecast-to-123-5-mln-tons.md) | +19.4% | +8.4% |
| WHEAT | 2022-04-17 | [French soft wheat crop rating stable - Markets - Business Recorder](https://feedsoft.ai/events/41779-french-soft-wheat-crop-rating-stable-markets-business-recorder.md) | -0.7% | +7.2% |
| WHEAT | 2021-06-11 | [Strategie Grains raises EU 2021/22 wheat crop, export forecasts - UkrAgroConsult](https://feedsoft.ai/events/46522-strategie-grains-raises-eu-2021-22-wheat-crop-export-forecasts-ukragroconsult.md) | +5.0% | -5.4% |
| CORN | 2022-04-17 | [French soft wheat crop rating stable - Markets - Business Recorder](https://feedsoft.ai/events/41779-french-soft-wheat-crop-rating-stable-markets-business-recorder.md) | +2.1% | -0.0% |
| CORN | 2024-11-13 | [France raises wheat, maize crop estimates, cuts sugar beet - Markets - Business Recorder](https://feedsoft.ai/events/27352-france-raises-wheat-maize-crop-estimates-cuts-sugar-beet-markets-business.md) | -0.5% | +1.0% |
| CORN | 2025-06-24 | [Southern Europe lifts EU wheat yield outlook - Markets - Business Recorder](https://feedsoft.ai/events/24138-southern-europe-lifts-eu-wheat-yield-outlook-markets-business-recorder.md) | +2.0% | -3.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40225410

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.