German Wheat Crop 23 MMT - Toepfer

German trading house Toepfer International say that their domestic wheat crop this season will total 23 MMT, 0.4 MMT down on their August estimate and 2.2 MMT below output in 2009.

Persistent rains throughout August have been so bad that some of the crop isn't even going to make feed grade, they say.

The world wheat crop will come in at 643 MMT, 2.7 MMT down on last month's estimate and 37.3 MMT down on 2009, they add.