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Extreme weather conditions across the EU reduced grain production projections in MY 2023/24, although production is still anticipated to exceed MY 2022/23 levels. EU grain export expectations have deteriorated based on third country competition in...
Weather conditions ranging from excessive heat to cooler than average temperatures, and from drought to excessive moisture, have curbed MY 2023/24 EU winter grain production expectations.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
In MY 2023/24, EU’s grain production is anticipated to reach 285 MMT, up from the 267 MMT registered the previous season, when a severe drought pushed yields down. Favorable initial crop development conditions are reported across the EU, although spring rains in the EU’s southwest will be critical to replenish soil moisture and allow for yields to bounce back to average levels.