Source: APKinform (Ukraine)
A persistent heatwave across Western Europe is severely stressing crops. Consequently, French corn conditions are deteriorating rapidly. The Agriculture Ministry reported a significant drop in crop ratings. Specifically, the share of crops rated “good” or “excellent” fell to 68% this week. This figure is down from 73% just one week prior. Moreover, this decline highlights the intense environmental pressure.
An Analysis of Current French Corn Conditions
The primary cause of this stress is a major lack of rainfall. Furthermore, consistently high temperatures are exacerbating the soil moisture deficit. The Paris milling wheat price reflects this concern, rising to €255 per ton. Similarly, the corn price also increased, reaching €228 per ton. These market movements directly respond to the threat of a lower harvest.
Key stress factors currently include:
- A rainfall deficit exceeding 60% for the month.
- Soil moisture levels are at a 10-year low.
- Forecasts predict continued heat with minimal rain.
This combination creates a critical situation for farmers.
Broader European Context and Market Impact
This weather pattern is not isolated to France alone. Neighboring Germany and Poland are also reporting similar drought concerns. Therefore, the potential for a region-wide production shortfall is growing. As a result, international buyers are closely monitoring the situation for supply risks. Meanwhile, grain futures on Euronext have shown increased volatility this week.
The situation presents a significant challenge for the agricultural sector. Ultimately, the coming weeks will be decisive for the final yield outcome.
Outlook and Potential Consequences
The forecast offers little relief for struggling crops. Meteorologists expect above-average temperatures to persist throughout August. Unfortunately, significant rain is not anticipated in the immediate future. This scenario suggests that crop ratings could decline further. The market will continue to adjust prices based on each new weather update and crop report. The state of French corn conditions remains the dominant factor for European grain markets.