Getreide Cockpit, 12.06.2014

USDA report: high harvest expectations confirmed

The U.S. Department of agriculture (USDA) has in its recent June issue a global grain harvest totalling 1,960 million tonnes (previous year 1.1986 million tonnes) estimated. Represents a consumption amounting to 1.950 million tonnes (previous year 1.941 million tonnes) compared to....

Expert Opinion: 

The estimation of a second global cereal harvest in 2014/15 is well substantiated from today's level of knowledge. Although failures in areas can be seen, also above average good developments are proof. The crop risks remain. EL Nino into account, is hard to calculate.

The fall in stock...