Regional News Drought in Europe is becoming increasingly concerning with projections for EU wheat yields deteriorating. Areas of western Europe and the Baltics have received as much as 50 mm of rain less than normal by this date with the drought affecting a wide swath of Europe from Spain and the UK through France, Germany, Italy, and Poland. Late Sunday, rains fell across parts of France but volumes were light and more is needed. The one-week forecast offers meaningful precipitation for far eastern France and southwest Germany, but other areas remain dry.
Last week, Turkey reported receiving a shipment of 50 KMT of wheat from India. This is the first time Turkey has imported wheat from India and is a feat unlikely to be rep...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...