EU-28: Crop Update
The total MY2017/18 EU-28 grain crop is revised up 2 MMT to 304 MMT, due to improved outlooks for both the wheat and corn crops. For wheat, year-on–year increases are reported in a number of Member States, several of which have seen better wheat harvests than previously forecast, but the changes on both fronts are most significant for France where their wheat crop is now forecast to be the second largest on record. For corn, Romania’s crop is larger than previously forecast following good crop development. Overall, the EU-28 grain balance still looks tight, with a very limited forecast recovery in stocks following the 5 MMT decline in MY2016/17.