IGC estimate: more wheat, less corn - higher consumption - high end stocks The International Grains Council (IGC) has estimated the world grain harvest, including details of current new in its September issue. As a result, remains, but the total harvest at the same level as in the previous month, but comes through some more wheat and little less corn. Generated when compared to the 67 million tonnes and 3.3% more cereals are last year . To the good before last year, the increase is only 22 million tonnes and 1%, respectively. On the consumption page a minor boost to 2,049 million tonnes is assumed, which is located almost exclusively in the wheat field. The increase in consumption for the previous year is estimated at 68 million tonnes. Influencing final inventory development shall remain unchanged at 492 million tonnes compared to the previous month. To the previous year is a restocking of around 20 million tonnes or 4%. Corrections were necessary in several countries due to recent developments. Focus of the cuts is the EU with an estimation of 298 on only 293 million tonnes. In the Gegenzuge the harvest volume due to the increased acreage by 1 million tons in Argentina has been increased to 61 million tonnes. The crops in Australia were raised by 2 million tons to 42.5 million tonnes as a result of the favorable rains of the La Niña weather. But even disregarded the recent Frost penetrations and regional flooding. The crop in Kazakhstan increased to 1.4 million tons. For Canada , production levels were around 1.3 million t to 55.5 million tonnes increase. This year declining wheat qualities come in the statistics not expressing. The international grain trade will be increased as a result of increased exports from the Black Sea region, from Argentina and Australia, and the United States. But not achieved the high export figures of the previous year. On the import side, an additional requirement in India as a result of inadequate monsoon rain arises mainly. Total there with increasing production and consumption at a measured global average good supply situationon the 24% end inventory for consumption. The long-term average is 21.5%. But excluding the Chinese final inventories due to insufficient availability for the international market, is a small decline in the global security of supply to tend to.
