EU harvest outlook brightens amid global strains

Despite ongoing weather challenges across Europe and beyond, the EU’s latest harvest forecasts offer a cautiously optimistic outlook. Wheat yields are slightly up, though drought still threatens parts of Central and Eastern Europe. Meanwhile, grain exports from Russia and Ukraine are falling. Global market uncertainty remains high. Harvest forecasts play a key role. The European Commission’s June MARS report, released earlier this week, confirms earlier expectations. In fact, they are