The European Commission lowered the corn stocks forecast for the EU

02 Feb, 2017
The European Commission lowered the corn stocks forecast for the EU
The European Commission projected lower corn stocks in the EU of 9.95 mln tons in the current season compared with 15.9 mln tons in the previous forecast. Stocks were 12.18 mln tons at the end of 2015 – 2016.

The reviewed decreased stocks are the result of the high corn consumption for ethanol production. 6.0 mln tons of corn are expected to be used for this purpose compared with  5.5 mln tons a year earlier.