Strategie Grains Increased Its Forecast On Wheat And Barley Yields In The EU, But Decreased Its Corn Forecast

17 Mar, 2017
Strategie Grains Increased Its Forecast On Wheat And Barley Yields In The EU, But Decreased Its Corn Forecast
In its March report, Strategie Grains Agency increased its forecast on wheat and barley yields in the EU in 2017, but reduced the corn forecast.

The weather conditions for the growth of winter grains are favourable. Rainfall in February and the beginning of March helped overcome the moisture deficit which was accumulated in autumn.

143.9 mln tons of soft wheat will be harvested in the EU in 2017, which is 100,000 tons more than the February forecast and 6% more than the 2016 yield. Barley yield is expected at 61.4 mln tons, which is 100,000 tons more than the February forecast and 2% more than the 2016 yield.

Corn yield will be 60.5 mln tons (-900,000 tons and 59.7 mln tons). The reduction is due to the smaller corn areas in Germany, Belgium, Luxemburg, France, Italy and Bulgaria.