required report public distribution date 12 8 2004 gain number e34100 eu 25 grain and feed semi annual approved by norval francis us mission to the prepared peter talks highlights with a banner harvest of 285 mmt across domestic supplies are considerably higher than food requirements this has lead depressed prices on market however euro rising against dollar export outlook for grains is not spectacular particularly european commission having only granted subsidies barley so far during my 04 05 while imports all expected be limited there remains good traditional high protein wheat from north america includes psd changes no trade matrix unscheduled brussels useu be2 e3 table contents introduction 2 executive summary 3 4 9 corn rye 15 sorghum 17 oats 18 mixed 19 related reports 20 presents marketing year union may 1 ten new member states nms joined