An overview of the wheat trend: when is it expected to be harvested in the various countries?

In the European Union, conditions for the wheat harvest are generally positive. However, drought is negatively impacting parts of France, Spain, Portugal and Italy.

In Ukraine, weather conditions remain stable. However, it is the ongoing war that is causing uncertainty, especially in the southern and eastern regions. On the other hand, in Russia, conditions are favourable for harvesting winter and spring wheat, the latter still being sown.

The market confirms a relatively high price compared to pre-COVID years, probably due to the current conflict-high logistics price combo. Low yields in some areas of the world could also be the cause of these high prices.