Strategie Grains Ups 08-09 EU-27 Cereal Output 2.2MMT From May Est

Analytical report Strategie Grains has raised its forecast for the 2008-09 European Union cereal harvest Thursday to 291.3 million tons, a 14% rise on the year.

This is up 2.2 million tons from Strategie Grains' May forecast, with higher output projected for corn, soft wheat and barley crops.

However, Strategie Grains warned the outlook still depends greatly on weather in the coming weeks.

E.U. soft wheat output was revised up 700,000 tons to 129 million; barley output up 690,000 tons to 61.8 million; and corn production up 800,000 tons to 58.4 million.