As wheat harvest heads to parched north, Europe braces for more losses

Europe’s grain market is bracing for more downgrades to the size of this year’s wheat crop as harvesting reaches the northern regions that have been worst hit by exceptional drought and heat since spring. Germany, the European Union’s second-largest wheat grower, has been a focus of concern, and comments this week by the country’s farming association saying it could not forecast the crop because of uncertainty about weather damage have added to market jitters.