Heavy precipitation currently observed in most parts of Germany, causing anxiety among traders and analysts about the deteriorating condition of crops of high protein wheat and is possible in connection with this reduction in global supply of the grain, according to Bllomberg.

Thus, according to Commodity Weather Group, heavy rains that occurred in Germany in the last 3-4 weeks have worsened the quality of high protein grain of the new harvest, the most critical situation is recorded in the North-Eastern regions of the country.

In addition, experts note that precipitation not only adversely affect the quality characteristics of the harvest and delayed the start of the harvest, which traditionally begins in mid-July and continues until the end of August.

The analysts ' fears justified by the fact that dry weather in most of the EU and the US degrades the overall Outlook of the world production of spring wheat and wheat with high protein content. Thus, the protein level of German wheat usually reaches 12-14%, which is higher than for French and Ukrainian grain and closer to the level of American spring wheat (13.5 per cent), futures which increased by more than 40% in the last 2 months.