In the EU, the lowest wheat harvest in 12 years is forecast

The agricultural news article reports on revisions to the European Union's (EU) agricultural forecasts by the European Commission. The soft wheat export forecast to the EU remains steady at 25 million tons. The harvest estimate has been reduced, and the wheat use for feed has slightly increased, resulting in a decrease in the end-of-season common wheat stocks forecast from 10.4 to 9.8 million tons. The EU's corn production forecast has been raised from 58 to 59.6 million tons, with the largest increases in Romania and France. The corn imports forecast has also been raised by 0.5 million tons to 19.5 million tons, and the corn stocks forecast in the EU for FY2024/25 has been increased to 19.4 million tons from 17.4 million tons a month ago. However, the EU barley production forecast remains unchanged at 49.8 million tons, but the forecast stocks for the end of the season have been cut to 2.6 million tons from 3.2 million tons a month ago, due to revisions in opening stocks and imports.