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Grains and oilseeds: drought claims headlines

August 30, 2024 at 12:29 PM , Der AUDITOR
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BRUSSELS. This year the quality of the wheat harvested in France is exceptionally bad. Bulgaria’s corn exports have come to a near standstill due to drought. This is also an issue for sowing soybeans in Brazil and the reason why winter rapeseed sowing has been delayed in Ukraine.

Bad wheat quality in France

After an initial decline at the start of the week wheat quotations have now risen again. The bad quality of the wheat in France is, however, weighing on the market. According to FranceAgriMer as little as 26% of grain weight exceeds 76 kg/hl, whereas the average is 76%. In addition, only 74% of the crop has a protein content above 11% as compared with the five-year moving average of 85%. In Germany, the Federal Ministry of Food and Agriculture (BMEL) has issued a preliminary crop estimate of 18 million mt for wheat. This would be 15% down

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