EU Commission estimated harvest 2016 to approximately 10 million tonnes less than in the previous month End of August 2016 the Expert Commission estimates the Commission grain harvest only on t 294,7 million. The new estimate is approximately 10 million tonnes below the forecast of the previous July. Compared to the estimate of the International Grains Council (IGC) from last week is still rd. 298 million a significant setback is measured at the two forward gone years with 310,5 or 328 million tonnes to determine. Significant cuts were made during the wheat harvest . Soft wheat o. durum will provide instead of only 144 nor 133,25 million tonnes . The barley harvest is estimated at about 59 million tonnes . Still has the corn to 62.5 million tonnes make, however there is still a considerable risk for the rest of the growing season. At the smaller species of cereal rye, triticale and oats have been made further cuts in average. The lower Flächenerträge the harvest decrease are responsible for only slightly reduced harvested area. The average yield is estimated at 5.2 t/ha . In the previous year, hectare were at 5.4 t/ha and before last year even at 5.7 t/ha. The wheat yield fell particularly sharply from 6.0 as compared to today's 5.3 t / ha. On the uses side, the Commission estimates a consumption in the A little higher than in the previous internal market of 285,3 Mt. Scarce 175 million tons go to the feed sector. The rest is used for direct human consumption and for the industrial recycling. The export is to 37.6 million. t down set. In the previous two years were the export volume at around 50 million tonnes. The smaller available EU crop in terms of quantity and quality limited the export possibilities. But export expectations help at reasonable prices from the Black Sea region, that EU exports given the strong competition significantly below the previous third-country exports will remain. In contrast to the remaining world harvest inventory stock in the EU by about 9 million tons goes back considerably. Only 34.1 million tonnes of closing stock, a lot, most recently noted in the average of the two years of 2012/13 up to 2013/14 is expected at the end of the marketing year. At that time the wheat prices over €200 / t were. Due to the worldwide average existing supplies the grain price level does not significantly upwards to despite the tighter supply situation in the EU is . Make sure the other export-oriented production areas with sufficiently high export potential, which is capable of immediately to any demand gap. But the EU cereal prices in the year 2016/17 will move to the upper allowable bandwidth international quotes. This globally scarce wheat will not occupy a high position.
