08.
02.16
19:57

The CFTC figures for wheat and maize from the 02.02.2016

Despite declining NET short positions (minus 2,014 contracts) in the wheat speculator in Chicago, prices have remained this of the Atlantic under pressure. It seems still too early to speak of a trend reversal.

The euro is stronger and is exactly like the growing U.S. Ethanolbestände cereal prices under pressure. The necessary export of EU wheat is hampered by many reasons, in particular the Black Sea "dump" with low offers (weak rubles) the prices on our traditional markets. In the United States the stock to use ratio is the wheat well over 40%, and thus at a record high, in consequence of the future production of wheat should be restricted there to harvest significantly 2016 by approximately 9%. South Africa, India and the countries of the Maghreb report dryness and thus lower crop expectations / higher import demand. Yet: Despite lower production expectations inventories from today's perspective over the next financial year expected to not significantly reduce is 2016/17. Grain prices to harvest 2016 and 2017 are considerably higher than the current rates, so that some farmers think again about a part of marketing of these crops. The harvest 2015 is sold below average depending on the region more or less strongly than in the previous years and speaking openly of an overlay. Whether that helps or just moves the problem / enlarged may questions are, at some point you can't get past but on sale. Producer prices for bread wheat have fallen significantly in recent weeks. Compared to the bread wheat, fodder wheat was quoted only slightly less and also the feed barley sold No 10 euro / t is worse than the bread wheat.

When the corn speculators in Chicago, the net short positions have reduced in the last week of the report to the 02.02.2016 much to 27.718 contracts. Now 59.479 NET short positions the courses in Chicago recovering slightly, while it went further down in Paris.

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