Commodities Buzz: Germanys Wheat Crop To Decline 2% In 2018

The association of German farm cooperatives on Wednesday forecast that Germanys 2018 wheat crop would fall 2.0 percent from 2017 to 23.98 million tonnes.

The cooperatives forecast Germanys 2018 winter rapeseed crop would fall 3.3 percent to 4.12 million tonnes.In its previous harvest forecast in April, the association had forecast a 2018 wheat harvest of 24.29 million tonnes and a winter rapeseed crop of 4.62 million tonnes.

The reason for the cut in the wheat harvest forecast was the estimate released on Tuesday by Germanys national statistics office that German farmers had reduced winter wheat sowings for the 2018 crop by 5.6 percent, the association said.