European Commission estimates EU crop again lower - EU prices at the upper limit of the competition. As of the 29 Sept. 2016, estimates the European Commission (EU com) the grain harvest with 293,8 million tons in 2016/17 again lower a than in the previous month with 294,7 million tonnes. The forecast result is minimal yet differs from the European umbrella organisation of grain and oilseed trader COCERAL. The International Grains Council is somewhat lower (IGC) with his score of 293 million tons. Fell in comparison with the previous years 2015/16 with 310 million tonnes and 2014/15 with 328 million tonnes of the ongoing harvest on the average level of previous years. The production decline is a slightly lower wheat harvest, but to a considerably smaller estimated maize harvest. In particular France and Germany had to accept to weather significant crop losses from the point of view of the Member States. Better crops in Spain and some countries to compensate for insufficient. The EU cereal consumption is reset with emphasis in the food and feed sector decreased 284.5 million tons. Cereal trade with third countries, the EU Commission assumes that imports will rise to 20.6 million tonnes to cover the false demand for corn and wheat of higher quality. The export amounts to only 37.6 million tonnes compared to the previous year with 50.7 million tonnes reach. With 26.3 million tonnes, wheat is the dar bulk exports. The closing stock dropping from 47.8 to 40 Mio.t. The supply figure stock to use ratio goes back to 14%. Still above-average 16% were achieved in the previous two years. Thus the supply situation in the EU is in the item No. Classified marketing year of less abundant. Still are prices in the lower part of the multi-year average field. The major cause is an above-average global supply situation, with a focus on the United States and the countries of the Black Sea. Of these exporting countries assumes price pressures. Both the import the export side is a close link between of the EU with the international market and price action. In comparison to previous years is to observe a greater difference in EU prices to the other exporting countries. The EU courses move at the upper end of the range given by the competition and are sensitive for any change.
