In the last week of the report to the 09.08.2016, the net short positions to 10.403 contracts on now 118.655 NET short positions have declined when the wheat speculator in Chicago. The courses could relax slightly.
Even the most recent USDA figures from the August 2016 farmers can not really enjoy. Worldwide, growing and high Getreideendbestände for the marketing year is estimated 2016/17. With the local (mainly France and parts of Germany) weak yields and qualities in the wheat we are unfortunately quite alone in the world. In the EU 9 million tonnes of wheat is less were expected compared to the previous month the production here, end stocks only to 4.5 million tonnes in the EU decreased by reducing the opening balances. Export expectations are reduced by 34 million tons to 27 million tonnes. This negative in the EU is more than offset by higher production and thus export expectations of the Black Sea. Good harvest expectations for the other main exporters such as such as the United States, Canada, and Australia still to come to. In the coarse grain (predominantly grain maize) point of view of the farmers has worsened even more. , Major contributor to increases the estimated final inventories to 16 million t. 62 million tons the largest exporter, the United States is an estimated increase in production compared to the previous month to 20 million tonnes and a lesser increase in consumption. The above facts is ultimately the reason why in the United States, the lowest rates record for over 10 years. Increasing exports from the United States could stabilize the local courses, but the yet higher rates in Europe under pressure such as. The entire global Getreideendbestände grow to over 500 million tonnes (Stock to use ratio of total corn 24.9%, wheat 34.5%, coarse grain 19.5%), a never-achieved absolute number. Also the stock to use ratio is far above the average of recent years.
The net short positions in Chicago in the last week of the report to the 09.08.2016 much to 48.645 contracts on now 153.057 NET short positions have increased at the corn speculators. Thus, the corn prices have remained under pressure.
