Droughts and floods have taken their toll on Europe's projected wheat harvest and are expected to leave some buyers turning to later Southern Hemisphere crops for the grain they need, Bloomberg reports July 30.
Hurt by horrible weather, French farmers are harvesting in one of the smallest soft-wheat crops in recent memory and Romania is pretty much in the same boat.
Russia's output may be increasing, but mixed results in one of the world's major breadbaskets has limited early-season supplies globally.
Agritel, the EU's No. 1 wheat grower, is looking at one of its lowest harvests this century.
To view the full report by Bloomberg, click here.