ZMP Grains News-Cockpit

ZMP Cockpit – News Summary

Grain markets volatile and weaker

The grain markets were volatile this week. Compared to last Friday's closing price, wheat prices on Euronext/Matif fell until the closing bell on Thursday. The December date closed yesterday with a trading day price of 236.25 euros/t. Corn is also trading weaker and higher, from 213 euros on Friday to 208.25 uro/t yesterday, Thursday. A similar picture emerges when it comes to price developments...
  • End of winter wheat harvest in many European countries and the USA
  • Uncertainties about delivery capability Ukraine
  • reduced global production prospects
  • Euro-dollar ratio supports Europe's exporters
  • rising global ending stocks expected
  • low demand for feed qualities
  • beginning of the corn harvest in the USA and Europe
  • last corn harvest Brazil

ZMP Market Analyses

  • USDA estimates 2023-24 world grain crop slightly higher

    USDA estimates world grain harvest higher than last year In its latest September 23 issue, the US Department of Agriculture estimates world grain production to be higher at around 2,283 million t (previous year 2,237 million t). However, different results emerge for the individual grain sectors. The global wheat harvest...

  • FAO Corrects Grain/Rice Estimate 2023/24

    FAO revises world grain harvest slightly upwards to July 23 estimate The Food and Agriculture Organization of the United Nations (FAO) has revised its July global grain estimate upwards in its latest September 23 edition . The total harvest including rice is expected to be +0.8% higher than...

  • EU-COM cuts grain harvest 2023/24 again

    EU COM reduces grain harvest 2023 to around 272 million tons. In its most recent August issue, the European Commission (EU-KOM) cut the 2023 grain harvest to 271.7 million t by around 2 million t compared to the previous month's estimate. In the previous year , 265.3...

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