ZMP Grains News-Cockpit

ZMP Cockpit – News Summary

Grain markets remain under pressure

On a weekly basis, wheat prices have changed little. Days of significant gains were, in turn, offset by larger losing trading sessions. Yesterday evening, the leading September date closed at EUR 222.50 per tonne, a little lighter than on Wednesday. The movement in corn was similar. The most traded August date closed yesterday evening at 214.50 euros/t. Few goods are currently being traded on the...
  • Weather development in the northern hemisphere
  • Uncertainty Ukraine War
  • State assessment in the United States
  • Rising harvest expectations Russia
  • Higher earnings prospects in the EU
  • Price pressure Russia
  • US export figures

ZMP Market Analyses

  • EU-KOM estimates harvest 2023/24 higher

    May 2023: EU-KOM increases crop estimate for 2023/24

    In its May issue, the EU Commission increases the EU grain harvest for 2023/24 to 285 million tonnes. In the previous month, the estimate was 1 million t lower. Compared to the previous year, the result represents an increase of +7.35%. The reasons for the improvement are...

  • MARS estimates higher grain yields due to weather

    May-2023: MARS increases yield estimates In its latest May issue, the EU-COM Agricultural Meteorological Institute (MARS) increased the estimates of yields per area based on climate data compared to the previous month. The regionally different weather conditions across Europe were included, starting with...

  • IGC confirms higher grain production in 2023-24

    May 2023: IGC confirms 2023/24 global grain harvest and consumption higher than in the previous year In its May 2023 issue, the International Grains Council (IGC) estimates that the 2023/24 global grain harvest will be 39 million t at 2,294 million t higher than in the previous...

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