Increased projected Corn imports for the EU [Corn and Soybean - n°6/2017]

The U.S. Department of Agriculture, in the WASDE report of June 2017, shows for the season 2017-18 the estimates of a decreasing global Corn production (1031.86 Mio t, -0.2% from May estimates) and an almost unchanged global Soybean production (344.67 Mio t).

Projected U.S. Corn production is unchanged from last month at 357.27 Mio t, and -7.1% from the current marketing year, ending August 31.

EU Corn production is -2.4% based on government data indicating lower-than-expected area in France and Germany, and +2.1% compared with 2016-17 season.

Compared to the current marketing year, ending September 30, global Soybean production is projected lower (-1.9%), with reductions in the 3 largest Producers: U.S. (-1.2%), Brazil (-6.1%) and Argentina (-1.4%).

Major global Corn trade changes for 2017-18 include higher projected exports for Ukraine and Russia, with increased imports for the EU-28 (from 14 Mio t to 15).

Corn ending stocks are lowered from last month, at 194.33 Mio t, down on both May forecasts (-0.5%) and the current marketing year (-13.5%). Soybean ending stocks are projected at 92.22 Mio t, +3.1% from last month estimates, but -1.1% from the current season.

We are constantly improving the “Corn and Soybean” report to reach consumer interests. Would you like to find any other information? Write to newsteam@clal.it!

CLAL.it – Corn Import

CLAL.it – Soy Import

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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.