EU Commission corrected smaller EU cereal balance sheets-overhang stocks! In the latest monthly edition to the EU grain balance, the Commission has the surplus stocks of the last 6 years corrected. End stocks are to be classified depending on the year to 2 to 4 million tonnes less . The differences have cumulative from year to year. A significant proportion here on maize. For the current fiscal year 2016/17 is the initial stock of grain increased by 3.5 million tonnes to 45 Mio.t lowered . It is involved in corn with over 3 million tons. The estimated harvest result of 294,5 million remains essentially unchanged for individual types of grain. The domestic consumption is experiencing only minor changes. The most recent estimate is found slightly higher to 285 million tonnes. The slightly higher export figures are now 35.1 million tonnes compared to the previous two years with over 50 million t. The EUinventories fall from the beginning until the end of the marketing year just under 6 million t to just 39 million tonnes. The power indicator is only 13.7% closing stock consumption. This is one of the EU grain supply in the year 2016/17 to the bottom half of the last. The comparatively low stocks of the EU have led to a significant spread of grain prices between the EU rates and international prices this year in addition to the exchange rate relationships. The correction of the EU cereals balance sheet shows little effect on the grain markets. There, price pressures, which spills over due to the world's good supply situation by the US stock exchanges into Europe there is currently again. However, the wheat price more affected than the corn priceis.
