European Winter Grain Production May Shrink in 2012

April 9, 2012

A reduced wheat harvest may be unavoidable in Europe from widespread drought, winterkill losses and very poor development in Eastern Europe.  

Drought losses in Western Europe continues to worry grain analysts.   Strategie Grains last month reduced its estimate for European 2012 wheat production, including durum, to 139.5 million metric tons, citing winterkill and drought as the likely cause.    Still, the new estimate would be 1.5% higher than last year’s production... subscribers continue to full story...