Ultimately, marketing the crop yield gives some indication from the economic viewpoint as to how successful the crop has been. The production management site focuses on economically viable business activity and good risk management with respect to suitable marketing strategies. For this purpose the individual factors, such as storage capacity and weather conditions must be taken into account. Selling at the right moment is crucial, for grain prices are determined not solely by domestic factors, but are subject to constant fluctuations in price, which are influenced by global market factors. Therefore, the situation on both the domestic and the international markets must be considered, in order to maximise earnings.
Estimates of international cereal production and harvests for 2020
There is a variety of Smart Farming solutions, such as Smartphone apps available to assist in watching the agricultural markets and grain prices. For example, it is possible to install an alarm, which sounds if grain prices on the Paris futures market ((Marché de Terme International de France MATIF) are exceeded or fall short. In addition, it is now even possible to sell cereals by means of a variety of apps. Nevertheless the question remains, what crop yield should be expected and how are market prices developing. The last few years of drought have left hardly any fodder reserves, which means that high crop yields are desirable, all the more so since, for instance, the global requirement for wheat has increased slightly. This has been caused by increased use of fodder in Russia and higher consumption in Pakistan and the EU as a foodstuff, seeds and cereal for industrial use.
Wheat: Because, just as in the previous years, it has been too dry in Germany in 2020, wheat crop yields have on average, with regional fluctuations, been poor. Conversely, in the EU common wheat production fell short of the forecasts. In particular the significantly lower yields in France are responsible for this, together with the poorer harvests in Romania and Bulgaria. On the other hand, a large Russian wheat harvest was expected.
Maize: Because of the high rainfall the maize had to be harvested early in Germany, which reduced yields. At the same time it was too warm in France, Germany and Romania, which likewise led to reduced crop yields.
Barley: The barley harvest in 2020 is at the same level as in the previous year. In this case lower yields were forecast, since the yields in France were lower.
Oats: Despite unfavourable growing conditions the oat harvest, the measurement of which took account of the increase in arable land, shows an upward trend.
Rapeseed: Due to higher yields in Germany, Poland and Lithuania as compared to the previous year the rapeseed harvest for 2020 is estimated as slightly higher. Here the picture is regarded as a whole and there are regional fluctuations depending on local cultivation conditions.