Strategie Grains has lowered the forecast of grain production in the EU in 2019/20 Mr

In the may report Strategie Grains forecast wheat production in the EU in 2019/20 Mr reduced compared to the April estimate with 144.8 million to 143,9 million tonnes, which is 13% higher than the harvest of the previous season.

the Forecast of barley production decreased from 61 to 60.3 million tonnes, which is 8% higher than the previous crop, and maize production – from 63.1 to 62.9 million tonnes, 2% more than was collected last year.

the Decrease in the forecast due to dry weather that persists in the Central and Northern regions of the EU.

the Total harvest of wheat, barley and maize in the EU in 2019/20 MG exceeds that of the previous season due to sufficient rainfall, which took place in most European countries in April-may and improved the condition of crops.

Yesterday on Euronext, the September wheat futures rose 1.75/t to 173,75/t or 194,2 $/t and November futures on corn – to 170,25/t or 190,3 $/t. the corn of the old crop continues to fall amid reduced demand, and yesterday, June futures fell 1.25/t to 162,75/t or 181,9 $/t