Drought in Europe negatively impacts sunflower and soybean crop potential
Drought in Europe negatively impacts sunflower and soybean crop potential
Extremely hot and dry conditions in Europe have negatively affected the crop potential of spring crops, especially maize, sunflower and soybeans, MARS experts reported in an August report. In particular, the regions most affected by the heat are Spain, France, Italy, Germany, Hungary, Romania, Slovenia and Croatia.
In this regard, analysts have lowered their forecast for corn production to 6.63 t/ha (-16% per annum; average of -16% over the past 5 years) from 7.25 announced a month ago, and sunflower - to 2 from 2.18. 06 t/ha (-13%; -12%), soybeans - from 2.72 to 2.46 t/ha (-13%; -15%).
At the same time, it is worth noting that the dry conditions helped to actively harvest winter crops. Meanwhile, the average yield of soft wheat is estimated at 5.76 t/ha (+0.4% per month; -5% per annum; -1% of last 5 year average), durum - 3.42 t/ha (+0.6 %; -4%; -3%), winter barley - 5.72 t/ha (no change this month; -6%; -1%), spring barley - 4.12 t/ha ( +0.5% , -2%, + 0.1%)
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