IGC estimated wheat and corn harvest 2017/18 lower a - still good supply situation The International Grains Council (IGC) in London has after its Jan-17 estimate of world wheat harvest 2017/18 now given a forecast for the global corn harvest . Both results a world grain harvest can be roughly derived, which under the previous year should be. The wheat harvest 2017/18 is classified by 753 million tonnes to 735 million tonnes lower. Due to the growing less wheat crops in the United States, China as well as the have significant share of it adoption of medium-income instead of the maximum yields of last year. Dewinterizing damage in Russia, Ukraine and other Eastern European countries are not included as fully, because reliable figures about still missing. Faces the expectations once again average harvest results in the EU . The increased acreage taken in Argentina. However, is expected in Australia again with an average duck. The upcoming maize harvest 2017/18 estimates the IGC on just over 1 billion t slightly lower than in the expiring year. Lower harvests in the two major producing regions in USA with approximately one-third are due to the growing proportion and China with approximately a quarter share. In the USA the maize cultivation due to the inferiority of price shows the soybean gegenüberüber withdrawn. The USDA has on the agricultural Outlook Forum end of Feb. 17 this expectation is clearly substantiated. China of maize cultivation reducedis for the purpose of reduction of stocks threatened by the spoilage. The Government price guarantees have been reduced significantly. In some provinces, n be paid conversion premium, if instead of corn soybeans are grown. In contrast, the trend to increased maize cultivation in the will proceed Ukraine and South America further, if not at the current rates. On the consumption page is given high cattle inventories in the United States and undiminished demand calculated from the Bioethanolsektor with increasing trends. As a result, the IGC estimates slightly less high end stocks, which are expected but still above the multi-annual average.
