USDA corrected estimate to the world grain harvest - wheat prices pull at The new estimate anticipated the USDA (USDA) to the world grain harvest 2016/17 delivered some cuts and adjustments, but remains in the end result in high supply situation. The world harvest is estimated to 82 million tonnes higher to 2,064 million tonnes compared to the previous year. The balance changes compared to the previous month of August remain in the manageable range. On the uses side , the USDA estimates an increase of 91 million tonnes to 2.048 million tonnes. Most of the increase in consumption is located in the feed sector. The global stocks at the end of the financial year are estimated at 502 million tonnes. The supply ratio closing stock is slightly lower than in the previous year to 24.5% calculated consumption. The sliding long-term average is 21.6%. In the last 4 years the surplus stocks have risen to an average of 460 million tonnes compared to the 10 year average of just under 300 million tonnes. The favourable global supply situation is the international cereal prices for a foreseeable at below-average levels compared to the previous decade . The global wheat harvest estimate to around 10 million tonnes higher than last year on rd. 745 million t. opposite there is the previous month the USDA only a small increase. The U.S. wheat crop to previous level confirmed. When the EU wheat harvest 2.5 million tons have been less used. China's harvest shall be reduced by 2 million tons. However, the amounts are increased in smaller production areas easily, so u.a in Australia. Of wheat consumption will be increased by 25 million tonnes to 736 million tonnes higher estimated. Of 13 million tonnes more used in the food sector alone. The supply situation in the wheat sector improved by about 8 million t to 249 million tons stock at the end of the marketing year. The supply ratio decreases only slightly 33.8% compared to the previous year. Compared to the moving 10 years average 28.5% but signaled a far above-average supply situation. The global corn harvest 2016/17 prized the USDA to 67 million tonnes higher on 1,026 million tonnes compared to the previous year. While the U.S. crop is classified by 345 million tonnes last year to 383 million tonnes in the current year. The U.S. corn crop will be reduced however to the previous month to 1.5 million tonnes, the EU crop to 1 million tons and the Chinese harvest to 2 million tons. For Brazil is expected in the spring 2017, an increase of 2 million tons. The use of corn should be 1,016 million tonnes. The consumption is around 58 million tons classified higher than in the previous year. Global may send stocks rise from 209 to 219 million tons. The supply situation is with 21.6% closing stock measured in consumption above average if measured by the long-term moving average of 18.6%. The stock exchanges have reacted with small changes . Wheat showed upward trends on the CME, while corn has only marginally changed.
