08.
03.19
Optimistic harvest prospects in the EU

Getreide Cockpit, 08.03.2019

  • Corn harvest / sowing in Brazil is stalling
  • US and China are approaching in the trade dispute, US profits from more exports
  • Late winter
  • Producers are now increasingly separating from their stock
  • Domestic processors show good coverage until the end of the season
  • German market is flooded by EU goods
Cereals, oilseeds, animal feed 2019 Book or e-book Available from 04.04.2019 The AMI market experts have again compiled detailed facts and data in the AMI balance sheet of cereals, oilseeds, animal feed 2019. The yearbook shows current trends in the German and European markets as well as the world market.

In its first cereal crop estimate, the EU Commission has positive aspects, as it has some significantly higher results than in the previous year. After all, a harvest of currently forecasted just under 311 million t would be the best result in 4 years. But for the different types of cereals, the estimates differ greatly. Soft wheat, barley, triticale, oats and rye are expected to increase compared to the previous year, but less to durum wheat, maize and sorghum. The European Commission estimates that the soft wheat crop will reach 140.8 million tonnes in 2019, up 9% on the previous year. On the one hand, this is due to the almost 4% larger acreage and, on the other, above all to the 5% higher yields. The rye harvest could reach over 8 million tonnes, exceeding the previous year's result by almost 30%. That would be the highest result in 5 years, based on a 5% larger acreage and an estimated 22% higher yield. The EU barley harvest of 2019 is estimated at 60.7 million t, about 7% above the previous year, which is based solely on higher yield expectations, as the acreage is expected to remain stable.With regard to the maize crop, Brussels is not so optimistic, as the 5% increase in area under cultivation will be overcompensated by lower yields, with the result that at 68.7 million t, it is expected to come to around 1% less than in 2018. The Commission values the EU -wide, the average wheat yield in 2019 at average level, but sees the national development in the main producing countries below average. For example, France, Germany, the United Kingdom and Poland are expected to produce more common wheat than last year, but the long-term average does not quite match the results. In the Baltic States, on the other hand, there should be a very big increase compared to the previous year, while less wheat than in 2018 could be threshed in Spain, Bulgaria and Romania.

Optimistic harvest prospects in the EU
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ZMP Live Expert Opinion

Even though we are only at the beginning of the growing season, and bald frosts are still possible: the prospect of the coming grain harvest in the community is positive. Larger winters and the probability that the yield results of the drought year 2018 will be significantly increased, are the basis. But not only in the EU, there will be more grain, and the competing Black Sea regions are very optimistic about their grain harvest in 2019.

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