The I.G.C. indicated its forecast considered the impact of elevated domestic and international wheat prices and assumed normal growing conditions.
Increased harvested areas were forecast in the European Union, Russia, Ukraine, the United States and Argentina.
“In the Northern Hemisphere, where winter wheat planting is almost complete, the crop condition is regarded as generally good and the plants are reasonably established ahead of the winter, except for parts of the United States, where dry conditions slowed germination, and parts of the E.U. (United Kingdom and France) where conditions were overly wet,” the I.G.C. said.
