USDA: supply on the global grain market prices somewhat weaker - initially indulge. In the Oct issue of monthly crop estimates the U.S. Department of agriculture (USDA) were the results for the year 2016/17, compared to the previous month estimate to 5 million tonnes of (= 0.25%) slightly withdrawn. The global grain harvest without rice is estimated to 2.059 million tonnes. Rather weaker compared the increase amounts to 76.4 million t or 3.85%. When compared to the best year of 2014/15 is the ongoing harvest only to 25 million tons higher. The grain consumption increases continuously over the years and reached a magnitude of 2,048 million tonnes with the most recent estimates. Thus, the grain demand more than adequate from the ongoing harvest can be operated. It remains still a slight increase in inventory at the end of the financial year by 11 million tonnes. The closing stock is calculated on 497 million tons or 24.3% of the consumption. It is measured by the long-term moving average by 21.6% to assume a disproportionately favorable supply situation. However, the current number of supply compared with the previous year falls back slightly, the reason lies in the considerably high consumption increase of 88.9 million tonnes compared to the previous year. The global wheat harvest the USDA estimates unchanged at 744 million tonnes compared to the previous month. Compared to the previous year, an increase but derives of approximately 9 million t higher wheat crops come in 1. Line from Russia with an increase of 11 million tonnes or 18%, from Canada with 3.5 million tonnes of or 13%, Australia with 4 million tonnes or 16% and Argentina with 3 million tonnes and 27%, respectively. In contrast, the EU wheat crop at 17 falls Million tonnes to 143 million tonnes back significantly. The result is a reduction in export to 3rd. 10 million tonnes but not least, a consequence of insufficient quality. The North African importing countries list China's desire due to the drought a crop reduction to 6 million t., to dismantle the abundant supplies in the domestic, supported by a smaller wheat crop to 2 million tons. Supply balance in the wheat sector remains higher than average with a final population of 248 million, or 34.7% compared to the consumption. The perennial floating means is 28.6%. The global corn harvest reached according to USDA estimates 1,026 million tonnes, slightly less than in the previous month, but with + 67 million tonnes higher than the weak year. That is compared to the best result in the year 2014/15 year's growth only 11 million metric tons. The largest harvest to be achieved by the United States with slightly shortened 382.5 million tonnes compared to the previous month. Achieve. Increasing harvests from 28 to 36 million tons is expected in Argentina as a result of the abolition of the export tax, Brazil is to increase corn production to 16 million tonnes to 83.5 million tonnes. After last year's disaster, also South Africa increased its maize production to 5 million tons to 13 Mio.t. In contrast, remains the EU corn crop with the estimated 60 million tonnes for the 2nd year in a row significantly behind the previous average results back. In particular France and Romania have to count under adverse weather conditions with considerable crop losses. The global supply balance in the maize sector is less lush compared to the wheat with 217 million t of closing stock or 21.3% compared to the consumption. Yet the supply values are well above the long-term moving average of 18.6% rate developments on the stock markets were initially due to the partially lower than expected USDA estimates, but then concluded clearly fallen. The post-trading reactions turn but in the plus. Renewed by the USDA confirmed of a high global supply situation will be offset by information to damage the remaining crops or sowing of winter crops in trouble again.
