USDA confirms grain supply for 2023/24 without major changes

USDA slightly updates world grain balance for 2023/24 The US Department of Agriculture (USDA) has updated the global supply situation on the grain market for 2023/24 in its latest April edition. Production was cut by 1 million tonnes compared to the previous month and consumption remained largely unchanged. The documents show a lower ending stock of 603 million tonnes, or 26.3% of consumption. In the previous year 2022/23, supplies tended to be somewhat better at 26.8%. In the case of the wheat market , the USDA is only making insignificant adjustments to its previous month's figures. For the time being, the already limited supply in this grain sector will remain. In the corn sector, the USDA has made some cuts related to the reduced Argentine, South African and Mexican harvests. Production will be around 2 million tonnes lower, and consumption will be reduced by around 1 million tonnes. This results in an insignificant change in the overstock levels for the coming financial year. 

An den Börsen hat der USDA-Bericht trotz des herannahenden Wochenendes mit geringen Aufpreisen reagiert und vorangegangene Kursminderungen wieder korrigiert. Die Weizenkurse orientieren sich knapp über der 200 €/t Linie. Für die zukünftigen Liefertermine Sep. und Dez. 2024 werden zwischen 115 bis 225 €/t für neuerntigen Weizen gehandelt. Mit dem üblichen Abstand zeigen die Chicagoer Börsennotierungen auf das gleiche Niveau und in die gleiche Richtung.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich