14/03/12 -- FranceAgriMer have released their latest revised 2011/12 production and stocks estimates today. Last year's soft wheat crop is tweaked down slightly from last month to 33.9 MMT, a 5.1% reduction on the 2010 harvest. Ending stocks are seen virtually unchanged from last month at 2.4 MMT, 17.8% lower than at the end of last season.

Corn production in 2011 has been revised up slightly to 15.5 MMT, which represents a 12.3% increase on output in 2010. Exports for the current season have been revised down this month to 6.7 MMT, bringing ending stocks up from the 1.9 MMT estimated last month to 2.2 MMT.

Barley output is virtually unchanged from last month at 8.8 MMT, 13.3% lower tnan in 2010, but lower exports see ending stocks rise to 1.1 MMT.