DRV corrected crop estimate

DRV 2016 again lower estimates German grain harvest.

In his 3 estimate of the upcoming German grain harvest, the German Raiffeisenverband easily corrected the previous month result down. The total harvest is at 47,68 million tonnes of classified. The correction is a consequence of lower acreage, which has found the Federal Statistical Office.

Compared to the previous year, the German cereal harvest by 2.3% lower to fail. The causes are a smaller acreage and lower yields in almost equal proportions.

The harvest of approximately 50% of land cultivated wheat should be reduced to approximately 1 million tonnes or 3.7%.  In addition to a growing decline, especially a lower yield per hectare contributes to the result.

The barley grown on over 20% of the area will provide a lower result by around 3%. In this case, the lower earnings estimate affects particularly hard.

The only fruit with a much better result compared to the previous weak year supplies corn with an increase of 12.8%, based almost exclusively on higher earnings expectations.  

The cultivation of underperforming cereals rye, oats and Triticale is withdrawn between 3% and 5.3% are. The earnings expectations are unchanged at rye, Triticale - 1.9% and oat + 4.8%. The oats remains the harvest results in positive territory by close to 2%.

The DRV determines that the cereal stocks have weathered changing hot and cold weather of the last few days and weeks without damage. After the early start in the phase of growth in the spring, some stocks now show development gaps .  The DRV is hoping for sufficient rainfall in the next few weeks and months, so that the earning potential can also be exploited.

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