Getreide Cockpit, 24.02.2017

US grain prices between highs and lows - EU wheat and corn stable Grain prices will end Feb. back and torn between the recent market developments and a plethora of predictions about the rest until the new harvest in.  Nevertheless remain the movements in a manageable range. From the Black Sea region be after a period of increasing rates on the basis of a rouble became stronger now falling grain prices announced. A reduced price level should accelerate export turnover. Wheat harvests in the southern hemisphere to even bigger fail than previously assumed. Australia confirms an above-average harvest results. Argentina expected almost doubled its wheat harvest to 18.5 million tonnes as a result of the strong expansion of the cultivated area and average high Flächenerträge. The International Grains Council (IGC) comes in his recent assessment of the grain harvest 2016/17 to more production results and surplus stocks as yet in the Jan. issue. The world harvest will be 2.1 billion t appreciated. For the wheat harvest the IGC estimates 2017/18 a 2% lower result on rd. 735 million tonnes, but assumes that continues a more than average supply situation will remain. On the occasion of the Annual USDA Outlook Conference last weekend in Feb.   assumed, however, significantly lower US acreage for wheat and corn. 2017 projected prices are slightly lower, but comparatively stable maps. In Chicago gave the wheat and corn prices something after. But we'll wait until next week, when the wealth of new information is correct, verrabeite. The price movements remain clearly registered on the Paris stock exchange .  Record wheat and corn above the 170 €/ t mark for several weeks now. The tighter supply situation in the EU this year as a result of the weak harvest result driving up prices in this country to the upper limit of what allows the competition.