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Commodity Market Tips: EU Increases Wheat Crop Estimates , Weak Production Seen In Maize For MY 2017/18
The European Commission has raised monthly estimate of 2017/18 usable production of common wheat in the European Union by 1.1 million tonnes to 141.5 million tonnes. That compared with 133.7 million tonnes of common wheat, , produced in 2016/17. EU has reduced its 2017/18 usable production estimate to 58.5 million tonnes from 59.1 million, also below last season's 60.8 million.
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