European soft wheat production forecast at 134.5 million tonnes

Updated forecast by trade association Cocereal pegs 2024 wheat crop slightly higher than previous projections

In its third forecast for the 2024 crop, trade association Coceral pegged the total grain crop in the EU27 (the EU’s 27 members) and the UK at 296 million tonnes, slightly above the previous forecast of 295.5 million tonnes and up from the 292.8 million tonnes harvested in 2023.

Wheat production (excluding durum) is expected at 134.5 million tonnes, compared with 134.1 million tonnes in the March forecast and down from 139.9 million tonnes harvested last year.

Record rainfall in the fourth quarter of 2023 had a major negative effect on winter wheat and barley sowing in France, Germany, the UK, the Baltic states and Poland.

The French wheat crop forecast was revised downward by around 5 million tonnes to 30.35 million tonnes in 2024, versus 35 million tonnes harvested in 2023, while Germany’s crop for 2024 is forecast at 20.25 million tonnes, down from the 21.3 million tonnes produced in 2023.

Romania and Bulgaria are also forecast to have slightly lower wheat crops, of 10 million tonnes and 6.1 million tonnes respectively, but local Romanian traders estimated the country’s crop to be closer to 11 million tonnes for the 2024 marketing year.

Spain’s wheat harvest for 2024 is forecast at 6.65 million tonnes, up by 108% from the 2023 harvest of 3.2 million tonnes.

View our wheat prices

Other grains and oilseeds production

Coceral has forecast 2024 barley production in the EU27 and the UK at 59.9 million tonnes, down by 1.3 million tonnes from 61.2 million tonnes in the previous forecast but up from the 54.4 million tonnes harvested in 2023.

Total French barley to be harvested in 2024 is forecast at 11 million tonnes versus 12.34 million tonnes in 2023, while the total German barley crop is forecast at 11.2 million tonnes, up slightly from 11.06 million tonnes in 2023.

The preliminary EU27 and UK corn crop is forecast at 64.8 million tonnes, up from 64.3 million tonnes forecast in March and up by 1 million tonnes from the 2023 harvest of 63.8 million tonnes.

The French corn harvest for 2024 is forecast at 13.07 million tonnes, up from 12.9 million tonnes harvested in 2023, while German corn is forecast at 4.36 million tonnes, up from 4.29 million tonnes in 2023.

Coceral has forecast Romania’s corn crop to increase by 102,000 tonnes to 11.13 million tonnes from 11.01 million tonnes produced in 2023, with Bulgaria’s crop pegged to increase to 3.25 million tonnes from 2.31 million tonnes in 2023.

The 2024 rapeseed forecast for the EU27 and the UK was lowered to 19.4 million tonnes from 20.2 million tonnes in the previous forecast.

The 2024 rapeseed production forecast is 9.3% lower than the 21.4 million tonnes harvested in 2023.

The EU27’s sunseed production in 2024 was forecast at 10.48 million tonnes, up by 0.5% from 10.5 million tonnes in 2023.

Soybean production in the region was estimated at 3.2 million tonnes, up by 6.6% year on year from 3.0 million tonnes.

View our grains and oilseeds prices

What to read next
The following prices have been corrected: AG-CH-0082 Hide index, fob US, $/pc was published incorrectly at $13.8875 per piece. This has been corrected to $13.7750 per piece. AG-CH-0034 Hides, butt branded steers, regular-weight, $/piece was published incorrectly at $11.00-18.00 per piece. This has been corrected to $11.50-18.00 per piece. AG-CH-0032 Hides, butt branded steers, light-weight, $/piece was published incorrectly at $12.00-19.50 […]
The start of the new 2026 financial year makes it possible to highlight several key developments in the Russian wheat market during the first half of the 2025/26 marketing year. These include higher production, slower export activity, very stable prices and the continued dominance of three major exporters in terms of market share.
Crude palm oil (CPO) futures rebounded from three days of losses to recover to its highest in three weeks on Friday January 16, spurred by gains across the broader vegoil complex and pre-weekend positioning while further indications of a slowing pace of production also lent support.
The Constanta-Varna-Burgas (CVB) wheat market has entered the 2025-2026 marketing year from a firmer price base than last season, but underlying fundamentals point to a more challenging trading environment. While early summer values reflected a sense of tightness, high regional yields, weak margins and cautious farmer behavior are reshaping market dynamics and export flows, according to sources.
The year of 2025 was one of uncertainty for the US vegetable oil market, with unresolved federal biofuel and tax policies sparking major shifts in supply and demand.
In this month's featured insight, find out more from Fastmarkets' senior analyst Eduardo Gonzalez about how non-traditional destinations like South Korea and Vietnam fuel a structural shift in US export demands.