Getreide Cockpit, 22.06.2017

Drought caused by drought causes uncertainty in the course of the course In the case of important grain cultivation regions, drought-induced reductions are expected. In the USA , the northern and northwestern areas of the Great Plains are affected. The adjacent southern cultivation areas of Canada are also affected. In Europe , the southern countries such as Italy, Spain and parts of France have not experienced any serious damage. Fears of further losses are expected from the recent heat wave. Some esti- mates have already withdrawn their EU harvest forecasts .In Russia, official bodies estimate a harvest below 100 million tonnes, as 106 million tonnes were expected before weeks ago. The southern part of the Central Province as well as the North Caucasus region are particularly affected. Weaker crops are also forecast in the Ukraine ; However, there are no concrete figures. At the same time, exports from overlay stocks are to remain at a high level. In the northeast of China with the wheat cultivation areas, there was not enough rain. However, there are no specific data on the possible reduction in the amount of the crop. However, China sits on a wheat stock of more than a year's harvest. Australia's western and southeastern Anbauregions currently have difficulties with sowing, because too little rainfall has fallen.After the first shock wave the prices on the stock exchanges have calmed down somewhat . The price of wheat on the Paris stock exchange is now again on the 175 € / t line. Wheat in Chicago can not keep the level of 155 € / t any longer, but remains above the level of the last few months. The corn quotations in Paris remain at a high level above the 175 € / t mark. Current import requirements and reduced harvesting expectations are the driving forces. In Chicago , the Maiskursen again after having fallen in most Anbauregionen sufficient precipitations and further quantities of rain are expected in the next 14 days. Nevertheless, the situation remains tense because it remains unclear how profuse the rainfall distribution in the individual regions will be.In the background are the high supply volumes of corn from the South American past . The high US stockpiles continue to push the market and are quite competitive with a relatively weak dollar. In the current market situation, the above-average high global overlays of grain remain in the background of pricing. The weak prospects for the future of the new crop are making sure that on the stock exchanges the pri- vate clearance areas are primarily scanned and exploited. The weather markets are in full swing.