EU lifts corn import forecast for 2017-18 to record high

The strong start to 2017-18 for European Union corn imports looks set to continue, with officials lifting their forecast for the bloc's buy-ins to a record high, thanks to weakened prospects for domestic output. The European Commission hiked by more than 3.0m tonnes, to 15.3m tonnes, its forecast for EU corn imports this season, on a July-to-June basis.