There is no cheap grain in the EU, not even among the Serbs

The European Union (EU) corn harvest is estimated to be 59 million tons this year, the expected amount "melted" by 1.5 million tons during August, and it already looks 8 percent worse than the five-year average. At the EU level, the yield average is 6.86 tons compared to last year's 7.47 t/ha. (The five-year average is 7.2 t/ha.). The USDA report also includes a map of Europe's August NDVI image. According to this, the corn-growing regions of Hungary, Romania and Serbia were most affected by the drought. This means that the processors' plan to supplement the domestic harvest from Serbia will be far from cheap. In Romania, about one million tons of corn was destroyed in one month, the total crop is now estimated at 7.8 million tons. In good years, the country produces twice as much, 14–17 million tons, even surpassing the French output. This year, however, the Gauls will harvest 14 million tons, exceeding last year's result by 9-10 percent. In Hungary, the expected quantity was ...