In the November survey, the experts of the European Commission published the forecast for the corn harvest in the EU by 2022 million in 23/1,6 Tonnen reduced to 53,3 million tonnes, which is also almost 20 million tonnes below the result for the same period last year.
At the same time, the forecast for domestic consumption of Grains kept by analysts at 77,3 million tons (2021/22 at 82 million tons) and increased the forecast for its imports by 1 million tons per month to 23 (16,3) million tons.
EU end corn stocks are expected to be 16,3 million tonnes (-4,1 million tonnes per year) in the current season.
In bezug auf Wheat the estimate of its production in the 2022/23 season was reduced by 200 thousand tons per month to 127 million tons (-2 million tons per year). The forecast for domestic grain consumption was significantly increased by 1 million tons per month to 97,1 million tons (+1,4 million tons per year) and the forecast for exports of European wheat was reduced by 2 million tons to 34 million tons ( even higher) of the 2021/22 MG result to 29,3 million tons). Final stocks are expected to be at last year's level - 15,5 million tons.