EU again cuts my 2022-23 wheat yield estimates, may stoke supply concerns.

Soft wheat yields in the EU for the 2022-23 marketing year (July-June) have been slashed for a third straight month in June, drawing supply concerns as smaller EU output could further stretch wheat markets in the absence of key supplies from the Black Sea. Soft wheat yields were cut to 5.76 mt/ha from 5.89 mt/ha, the EU Commission said June 21. The latest projection is also recorded for the five-year average of 5.84 mt/ha for soft wheat yields. At the beginning of June, the EU Commission pegged soft wheat production for 2022-23 at 130.39 million mt, based off an area of 21.7...