Strategie Grains lifts EU rapeseed crop estimate and cuts sunflower and soybeans

Strategie Grains issued a slight increase to its estimate of this year’s rapeseed harvest in the European Union, citing better yields than previously expected in Denmark and to a lesser extent in western Europe. In an oilseed report, the consultancy increased its rapeseed harvest estimate to 19.76 million metric tons from 19.74 million tons a month ago, now 1.6% above last year’s level. This was the third upward revision in a row. In contrast, Strategie Grains made a slight cut to its estimate of this year’s sunflowerseed harvest in the European Union, to 10.05 million tons from 10.10 million tons previously, citing lower expectations in Romania. It remained more than 7% higher than last year. Its soybean crop estimate was also cut. The crop is now projected to total 2.83 million ...