Regional News The EU Commission reported that the favorable weather conditions across most of Europe “allowed farmers to make good progress” harvesting 2021 summer crops and planting 2022 winter crops. The Commission increased its forecast of summer crop yields, with the 2021 EU maize yield now pegged at 7.79 MT/ha and the soybean yield at 3.0 MT/ha.
The EU Commission’s recent report also noted that wet weather in France, Belgium, Greece, and southern Bulgaria have delayed the harvest of summer crops and – WPI infers – raised some yield risks consequently. Conversely, drought in Romania has only been partly offset by early October rains and winter crop planting and emergence remain “subopt...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
Crop Conditions-Argentina Corn Corn planting in Argentina has reached 47.3 percent of the projected 8.4 Mha, advancing 7.5 percentage points over the week and running 12.3 points ahead of last season, partly due to a larger early-planted area. Fieldwork gained momentum across western and southe...
