COCERAL with new EU crop estimate

Coceral EU harvest estimates lower - rate boost on the stock exchanges

In the latest monthly edition of the umbrella organisation of the European grain and oilseed trader the EU cereals crop is used by 2015/16 again deeper. The total cereal production is based now just above the 301 million tonnes. In comparison, the record results of the previous year stood at 323,6 million t. main reasons for the lower forecast are 4 dt / ha lower average income, which fails the acreage slightly higher.

The development is quite different in the areas. Significant harvest reductions are predicted for Germany - 13,5% respectively-7 Mio t, and in Hungary - 14.3% . Between -6 to-8% fall crops in Italy, Spain and the United Kingdom . There is hardly an area that is not affected by the precipitation poverty this year.

The recent reports from France are not taken into account. The French FA. AgriMer predicts a heatwave for France next week with temperatures up to 40 degrees Celsius. Above-average yield losses are expected for the northeast of France, already imbued with precipitation poverty.

The largest loss of harvest the wheat with t-8 million occur on the types of grain. The entire EU wheat crop reaches only 148.1 million tonnes. The EU barley crop is estimated to lower now around 3.6 million tonnes. The corn harvest drops from 73.8 to 65.7 million tons. Rye and Triticale return due to yield by 1 million tons.

You will accelerate the harvest for the coming 2 weeks current weather forecasts almost without rain falls at high temperatures on the early threshing locations. May the late maturing crops and varieties in the grain filling stage degrade it again.

The crop risks of this year have long since not all overcome. We are only at the beginning.

The fluctuating for 2 months to an average wheat prices have again a significant upward course direction taken. In Paris prices exceed the mark of €185 per t and converted less than €175 per t be reached in Chicago.  Possibly, the quotes from now could set at a higher level.  On the spot markets, an upward movement prevails also.  

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