EU-28: Grain and Feed Annual
The outlook for the MY2015/16 EU28 grain crop is positive with another sizeable crop forecast, albeit down from the record volume achieved in MY2014/15. Feed grain consumption in MY2015/16 is forecast to remain at the high level set in MY2014/15 which has seen a move towards corn over wheat - the latter benefitting from strong demand on third country export markets despite lower quality. Industrial grain usage is again forecast to rise but with a changing mix of grains. The MY2015/16 balance suggests that the EU28 will again be a significant wheat exporter but much will ultimately depend on the size and quality of the harvest and the availability and price competitiveness of imported corn. The export situation in Ukraine, both a key supplier to the EU28 market as well as a competitor, will be a key factor.