Strategie Grains Finds Another 5MMT EU Grain

They've done it again. Rooting down the back of what is rapidly becoming the world's largest settee, Strategie Grains have upped their 2008/09 EU grain production estimate by 5.3mmt from it's August number to 305mmt.

That makes it five consecutive monthly increases from SG, this most recent one pegging the crop 19% higher than last season.

Of this month's increase 3.7mmt comes from soft wheat, making that crop now 23% higher than in 2007/08. Soft wheat yields are pegged at 6mt/ha, 17% more than 2007/08.

Barley production is revised up 600,000mt and corn 200,000mt.