ZMP Cockpit – News Summary

Strategy Grains raises EU export forecast

If the wheat trade in Chicago and Paris started with profits this week, the grain surrendered the profits on both sides of the Atlantic. Profit-taking and technical sales also contributed to this. CBoT wheat headed for a new high over the course of the week, attracting more speculators to the stock exchange. The prospects for European wheat look good. FranceAgriMer again raised its forecast for...
  • Global demand good
  • EU wheat competitive
  • announced export restrictions in Russia
  • US winter wheat area still questionable
  • Overall, sufficient wheat stocks worldwide
  • Phase 1 deal without concrete quantities
  • Strikes in France

ZMP Market Analyses

  • USDA cereals report in Jan 2020 with cuts

    USDA Jan20 report: Global grain supply cut 2019/20 In the first report of the new year, the U.S. Department of Agriculture cuts global grain supply to 28% final stock for consumption. The remaining stock level in this cereal year is only enough for 103 days, in previous years it was approx. 114 days. The global wheat...

  • Fires in Australia affect global milk market

    Dairy industry in Australia affected by drought and fire - global impact   According to the latest estimates, the Australian milk production due to the drought and the fire will drop again in 2020 by 3 to 5% to 8.3 million tons. Just 5 years ago, production was approx. 10 million tons. However...

  • COCERAL estimates average EU grain harvest

    Coceral: estimates EU harvest at approx. 308 million t - + 21% in the UK to -23% in Spain In its most recent estimate, the European cereals and oilseed traders' association (COCERAL) rates the EU grain harvest at 308 million tonnes significantly lower than the EU Commission (EU-COM) with 313 million t. The differences arise...

More News