22.
07.19
16:04

MARS cuts earnings forecasts from the previous month

MARS reduces crop yields by 0.5% mom., Rapeseed -1.3%, -3.7% potatoes has the agro-meteorological Institute of the European Commission (MARS) in its recent July issue easily the earnings estimates for the previous month on average after corrected below . The climate data analysis confirms a Europe-wide heat wave in June , especially in the profit-generating grain formation phase. The individual market fruits were affected differently. Rye and triticale scored the worst with -1.8% yield reduction because the crops tend to grow on low-yielding sites. But even the more demanding wheat is rated -1% lower yielding. In contrast, the winter barley has strayed well because of their relative precocity. According to MARS, corn should still be able to get away with +0.4% on the previous month, but it still has at least 1 month of critical grain formation. MARS forecasts severe losses for potatoes at -3.7% and Z.Turnips with -2.4%. Oilseed rape is rated -1.3% worse. Measured against the 5-year average , above-average results are still to be expected. The average area yield of cereals is predicted to be 1.2% above the average at 56 dt / ha. For wheat , around 58.2 dt / ha is expected to be about 2% above the mean. For maize , MARS expects 6.1% above-average results with 80.8 dt / ha. In the individual regions, the heatwave had different effects. A pronounced drought has once again caught Spain . Wheat yields are -27% worse than in the previous year; even the 5-year average is missed by -9.4%. Austria, the Czech Republic and Slovenia remain below the multi-year average at -5.6% and -3.5%, respectively. The Baltic States Lithuania, Estonia and Latvia are also in negative territory. The remaining EU regions remain predominantly in positive territory.For France , MARS estimates a wheat yield of 5% above average, in Bulgaria + 7.3% and in Romania + 4.3%. In Germany , however, only -1.5% is used as the mean; Poland is also below average. Except for corn, given the advanced development, the yield forecasts are likely to be relatively reliable. Nevertheless, one or the other surprise can still be hidden in the actual Druschergebnissen.

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