The severe European heatwave played a major role in reducing this year ’s global wheat crop forecast for the first time in five years , as the crop dropped 6.6 million metric tonnes ( mt ) to 729.63 million mt from July to August , down 2.9 % from last year . In Europe alone the crop forecast has dropped from the 132.4 million mt forecast in early July to 127.7 million mt in 6 August . Compared to last year when bin-busting wheat crops were harvested in Russia, the USDA’s global wheat forecast is down 28.4 million tonnes or 2.9 percent. The Russian wheat crop was 78 million mt after a record 85 million mt last year . Forecasts for Australia and Canada remained stable , although both have problems .
The severe European heatwave played a major role in reducing this year ’s global wheat crop forecast for the first time in five years , as the crop dropped 6.6 million metric tonnes ( mt ) to 729.63 million mt from July to August , down 2.9 % from last year . In Europe alone the crop forecast has dropped from the 132.4 million mt forecast in early July to 127.7 million mt in 6 August . The Russian wheat crop was 78 million mt after a record 85 million mt last year . Forecasts for Australia and Canada remained stable , although both have problems .