Large harvest overshadows record wheat consumption

The European Commission expects that we will harvest significantly more wheat this summer. Not only has more wheat been sown, but the yields are forecasted to be much better than last year. This is not surprising, especially after last season when everything went wrong. The news of a good harvest had a greater impact on the wheat market than the record consumption that the Commission also predicted. On the soybean market, it became clear yesterday that the US remains a significant factor. India has taken notice of this and is going against the tide in terms of international trade policy.