European Union: EU Grain Situation - Fall Update
Link to report:
Despite a year-on–year increase in EU grain production, which is now forecast to reach 292.5 MMT, the overall EU grain balance looks tight with only a small recovery in ending stocks forecast, driven by improved corn availability. EU domestic consumption and industrial uses are forecast up, while eroding margins, combined with COVID-19 related gathering restrictions, animal disease outbreaks across the EU, and the slowing demand in meat export markets are anticipated to curb food and feed grain use in MY2021/22.