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French Wheat Yields Seen Worst in 30 Years on Rain Damage

  • Yields seen at about 5.5 tons per hectare: farm advisor CRM
  • Competition with Black Sea may limit further price rallies
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French farmers are getting the smallest wheat yields in three decades after waterlogged fields decimated crops, according to a farm adviser.

The European Union’s biggest wheat producer is reaping about 5.5 metric tons of the grain for each hectare (2.5 acres), the lowest since 1986 and 24 percent below the five-year average, CRM AgriCommodities said. Some northern areas, the worst hit by floods this year, may yield just 3 tons per hectare, according to the Newmarket, England-based company.