EU corn crop 2018 higher than last year

French strategy firm Strategy Grains today raised its estimate of this year's corn crop in the European Union. Now the harvest is supposed to be bigger than last year.
The corn harvest in the Community in 2018 is now estimated at 60 million tonnes. In October, it was still estimated at 59.4 million tons. The biggest changes to the previous month were in Romania, Austria and France.
This would make the 2018 crop 1% larger than in 2017. Weak yields in France and Germany would be offset by high yields in Romania and Hungary.
In contrast, Strategy Grains lowered its estimate of EU barley harvest by 400,000 tonnes to 56.1 million tonnes. That is 4% less than last year.
The wheat harvest of the EU in 2018 is estimated at 127 million tonnes. A minus compared to the previous year's harvest of 11%, because the summer was extremely dry. The wheat exports are estimated by the experts at 19.5 million tons, 100,000 tons more than expected in October.
In the second half of this marketing period, exports will run noticeably better than before, as the Black Sea countries are soon sold out, the experts say.
Market participants are now focusing on sowing winter crops for harvest in 2019. The conditions are much better than they were a year ago, as much needed rain fell in all growing regions. The acreage is therefore noticeably expanded. Nevertheless, it is currently too dry.
It is estimated that the wheat acreage in the EU will be increased to 24.3 million hectares. That's 6% more than a year ago. On the other hand, barley acreage remains largely at the previous year's level, while corn acreage is expected to increase by 4%.

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