Summer rain sharply cuts German wheat, rapeseed crops – farm cooperatives
HAMBURG, Aug 16 (Reuters) -Germany's 2024 wheat crop will fall 12.8% on the year to 18.76 million metric tons, the country's association of farm cooperatives said in its latest harvest estimate on Friday, as crops suffered from repeated harvest-time rain this summer.
The association forecast Germany's 2024 winter rapeseed crop will fall 13.9% on the year to 3.64 million tons, with rain also damaging the harvest.
In its previous harvest estimate on July 17, the association forecast Germany's 2024 wheat crop at 20.20 million tons and the winter rapeseed crop at 3.80 million tons with poor early season weather and reduced plantings also contributing to expected falls.
Neighbouring France’s crop has also suffered serious damage to size and quality from persistent summer rain as harvesting was underway.
Reporting by Michael Hogan
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
