News overview & archive

MARS Dec. 2024: Winter crops in Europe in average to good condition After evaluating the climate data from Sep. to the end of Nov. 2024, the Agricultural Meteorological Institute of the EU Commission (MARS) has come to the conclusion that winter crops in most parts of Europe are in just average to good condition. In some areas of Europe, there was…

USDA estimates oilseed market remains at highest supply level The latest monthly report from the USDA once again underlines the far above-average supply situation on the oilseed market. Total production of 683 million tons (previous year 657 million tons) compares with consumption of 668 million tons. The year-end balance sheet shows a further…

USDA estimates world grain supply at lowest level in 10 years In the latest Dec. 24 issue, the US Department of Agriculture (USDA) reduces world grain production in 2024/25 by -0.2% to 2,292 million tons compared to the previous year. However, consumption is expected to increase by +1.4% to 2,325 million tons. This will reduce inventories by around…

FAO makes further downward adjustment to world grain supply The Food and Agriculture Organization of the United Nations (FAO) has lowered its estimate of global grain production (excluding rice) by around 20 million tonnes or -0.9% to 2,303 million tonnes in the latest monthly edition (Dec.-2024). However, global consumption is estimated to be +6…

1st GDT auction prices in Dec. 2024: +1.2 % The first Global Dairy Trade (GDT) auction in Dec. 2024 continued the price increases of the previous auctions with an average of +1.2 %. The decisive factor was the premiums for whole milk powder. In contrast, other products saw significant price reductions in some cases. Auction volumes continue to fall…

EU COM corrects EU grain harvest slightly higher than previous month. In the Nov 2024 issue, the EU Commission estimates the current EU grain harvest at 256.9 million tons, +0.5% higher than in the previous month. Nevertheless, the result remains -11 million tons or -4.1 % below the previous year. This is due to the change in acreage and yields…

Above-average soybean market supply The IGC underscores the currently above-average supply situation on the global soybean market, with some minor deviations from the previous month. Global production is estimated at 419 million tons (previous year: 395 million tons). The IGC estimates consumption at 408.5 million tons. This results in an increase…

IGC makes further downward adjustment to world grain supply. The International Grains Council (IGC) has once again revised the world grain supply downwards in its monthly issue for November 2020. Global production is estimated to be 2,311 million tons, down again on the previous month, while consumption is expected to rise to 2,332 million tons…

2nd GDT auction prices in Nov. 2024: +1.9 % The second Global Dairy Trade (GDT) auction in Nov. 2024 continued the price increases of the previous auctions with an average of +1.9 %. The decisive factor was the premiums for whole milk powder. After the seasonal peak in Oct. 24, the high auction volumes have eased somewhat. Whole milk powder (VMP)…

USDA: Oilseed market with cuts compared to previous month The latest USDA Nov. 24 estimate provided some downward revisions to the global supply situation in the oilseed sector. Total production is estimated to be around 5 million tons lower than in the previous month, confirming a year-on-year increase of only +3.5%. At 682 million tons…

USDA also estimates world grain harvest 2024/25 slightly lower than in previous month In its Nov. 24 issue, the US Department of Agriculture (USDA) also comes to a lower estimate of the world grain supply compared to the previous month according to its own surveys. Production is reduced slightly to 2,294 million tons, while consumption is estimated…

Nov. 2024: FAO revises world grain harvest (incl. rice) downwards In the latest Nov. 24 issue, the Food and Agriculture Organization of the United Nations (FAO) estimates that the global grain harvest (including rice) will be -0.4% lower than in the previous year. In contrast, consumption is estimated to be +0.5% higher. As a result, global stocks…

1st GDT auction prices in Nov. 2024: +4.8 % The first Global Dairy Trade (GDT) auction in Nov. 2024 continued the limited price increases of the previous auctions with a significant premium of +4.8% on average. The decisive factor was the premiums for butterfats, but the considerable price increases for milk powder also contributed to this. However…

EU-KOM with slightly revised rapeseed harvest estimate: it remains tight In the latest Oct. 24 issue, the EU Commission again revised the rapeseed harvest slightly downwards to 17.14 million tons. The previous year's figure was 19.75 million tons. The decline is due to the smaller area under cultivation of 5.8 million hectares (previous year: 6.2…

EU COM: EU grain harvest 2024 at lowest level in over a decade In the harvest estimate published at the end of Oct. 24, the EU Commission (EU-COM) set the preliminary result for the 2024 grain harvest at around 255 million tons, even lower than in the previous month. The result is -4.7% below the already weak previous year; the 5-year average is…

MARS estimates 2024 grain yields in EU countries: from miserable to medium In its latest October issue, the EU Commission's agro-meteorological institute (MARS) once again revised the down again by -3% on average in the EU compared to the previous month. Compared to the previous year, the results are -11% lower and -9% lower in a multi-year…

DRV: German grain harvest with many lows and few highs. In its Oct. 24 issue, the German Raiffeisen Association (DRV) confirms the second-lowest German grain harvest ever at around 39 million tons, as last seen in 2018 with around 38 million tons. In very good years (2014), there were also harvests of over 52 million tons. In the last 10 years, we…

EU-KOM: Short-term outlook for the EU meat market In its autumn edition of a short-term outlook for the EU meat market in the coming year 2025, the European Commission (EU-Commission) does not expect any significant overall change in production, but a slight increase in consumption compared to the current year. While exports are estimated to be -0…

Record high soybean supply at global level In its latest Oct. 2024 edition, the IGC estimates global soybean production at 421 million tons (previous year: 395 million tons). Consumption, on the other hand, will only increase to 406 million tons (previous year: 386 million tons). This results in an increase in stocks to 86 million tons or 21% of…

Oct. 2024: IGC updates world grain estimate In its latest Oct. 24 estimate, the International Grains Council (IGC) has reduced global grain production slightly compared to the previous month to 2,315 million tons. Global consumption is estimated to be even higher at 2,328 million tons. Ending stocks are calculated at 584 million tons (previous year…

2nd GDT auction prices in Oct. 2024: -0.3 % The second Global Dairy Trade (GDT) auction in Oct. 2024 interrupted the price increases of the previous auctions with an average of -0.3 %. Only pure butterfat saw slight price increases. The repeated high auction volume of 38,956 tons is outstanding. The record is 40,673 tons. Whole milk powder (VMP)…

USDA expects lower pork production in major production areas In its latest quarterly edition Oct-2024, the US Department of Agriculture (USDA) estimates a -0.8% reduction in pork production in 2025 in major countries around the world. In China, the world's largest producer country with a 48% share, pork production is set to fall by a further -2.2%…

USDA estimate in Oct-2024: Oilseed market with little change from previous month The latest USDA estimate showed only minor changes to the global supply situation. Total production remains unchanged from the previous month, confirming a +4.5% year-on-year increase. At 687 million tons, a record level has been reached. This compares with a…

USDA revises world grain harvest downwards - supply situation tighter In its latest Oct. 24 issue, the US Department of Agriculture downgraded world grain production to 2,294 million tons, lower than in the previous month. In contrast, the consumption estimate of 2,313 million tons, or +0.9% compared to the previous year, was even higher. As a…

FAO estimates world grain supply w. rice lower than in previous year In its monthly Oct. 24 report, the Food and Agriculture Organization of the United Nations (FAO) comes to the conclusion that the global grain supply in 2024/25 must be classified as lower than in the previous year. The world grain balance, including rice, initially leads to a…

1st GDT auction prices in Oct. 2024: +1.2 % The first Global Dairy Trade (GDT) auction in Oct. 2024 continued the average price increase of the previous auction with +1.2 %. There were significant price increases for whole milk powder. Butterfats appear to have passed a record high. The repeated high auction volume of 38,814 tons is outstanding…

Oilseeds: EU-KOM cuts rapeseed harvest 2024/25 below multi-year average. In its market report at the end of Sep. 2024, the EU Commission assumes a rapeseed harvest of only 17.1 million tons. This compares to 19.7 million tons in the previous year. The decisive factors here are the -7.3 % reduction in acreage and the -6.3 % drop in yields per…

EU COM reduces EU grain supply again: significantly less wheat In its latest end-Sep-2024 report, the EU Commission (EU COM) has significantly reduced the EU grain supply. On the production side, only around 261 million tons of grain are expected (previous year: around 270 million tons). Consumption is estimated to be slightly higher at 257 million…

MARS: significant yield losses for maize and sunflowers In the latest Sep. 24 issue, the EU Commission's Agrometeorological Institute (MARS) expects significant yield losses in the major European maize-growing regions based on the evaluation of climate data. For the EU as a whole, MARS has calculated a 9% drop in yields to just 6.84 tons per…

Sep. 2024: COCERAL cuts its 3rd estimate of the EU grain harvest The umbrella organization of European grain and oilseed traders (COCERAL) has estimated the EU grain harvest at only 260.6 million tonnes (previous year 272 million tonnes) in its latest Sep. 24 issue. A lower area under cultivation and significant yield reductions were decisive for…

2nd GDT auction prices in Sep 2024: +0.8 % The second Sep 2024 Global Dairy Trade (GDT) auction more than offset the price decline of the previous auction with an average of +0.8 %. Significant upward corrections have taken place in milk powder. Butterfats appear to have reached an all-time high. The repeated high auction volume of 38,814 tons is…

Oilseed market: high soybean supply, rapeseed and sunflower in short supply, palm oil limited. The 2024/25 oilseed market is positioned very differently depending on the raw material. Record harvests are expected for the dominant soybean sector until the first half of 2025. If consumption increases less strongly, stocks will rise and put pressure…

Russia and Ukraine currently having a strong influence on price trends Ukraine's 2024/25 harvests: decline in production and exports According to the US Department of Agriculture's (USDA) September estimate, Ukraine's grain harvest is expected to reach just under 56 million tons (previous year: 63 million tons). Smaller areas under cultivation and…

The USDA's Sep. 2024 estimate for oilseed supply in 2024/25 confirmed an above-average global supply situation overall, despite a slight downward revision compared to the previous month. Total production increases by +4.5% to 687 million tons. Consumption is estimated at 667.5 million tons. Inventories increase by +15.3 % compared to the previous…

Sep.2024: USDA estimates less corn, more wheat compared to previous month The US Department of Agriculture (USDA) has corrected the results from the previous month in its latest monthly estimate of the world grain supply. Global grain production is revised down to 2,299 million tons (previous month: 2,302.5 million tons). The USDA's estimate of…

FAO updates world grain supply - stocks again lower than last year The report regularly published at the beginning of the month by the Food and Agriculture Organization of the United Nations (FAO) confirms a continued reduction in the supply situation for world cereals (excluding rice). According to FAO calculations, production has fallen to 2,314…

1st GDT auction prices in Sep 2024: -0.4 % The first Aug 2024 Global Dairy Trade (GDT) auction put the above-average price increase of the previous auction into perspective with an average of -0.4 %. Significant downward corrections took place for VMP, while the usual price ratio to VMP was restored for SMP. The repeated high auction volume of 38…

EU COM: New estimate of EU grain supply from Aug. 29, 2024 The regular estimate of EU grain supply published at the end of the month showed a harvest volume of 264.5 million tons or around -2% below the previous year. Consumption is estimated to remain largely unchanged at 257 million tons. Exports were reduced to 40.4 million tons, while imports…

MARS: Downward revision of cereal yields in Europe. In its Aug. 24 issue, the EU Commission's Agrometeorological Institute (MARS) published a reduction in EU area yields based on climate data. The results will be included in the upcoming EU COM harvest estimate. Overall cereal yields have been downgraded by -3% compared to the previous month and…

China produces, consumes and imports less pork The US Agricultural Information Network (GAIN) has published figures on the Chinese pork market in its latest report at the end of Aug 2024 with some unexpected results. The decade-long increase in production and consumption of a staple food was massively reduced in 2019-21 due to ASF, but subsequently…

Aug 2024: DBV estimates grain harvest at 39.3 million tons or -7% below previous year In its latest Aug 24 issue, the German Farmers' Association estimated the German grain harvest at 39.3 million tons or -7% below the previous year. This is based on a -5% reduction in acreage and -2% lower yields per hectare. In a 5-year comparison, the result is…

2nd GDT auction prices in Aug 2024: +5.5 % The second Global Dairy Trade (GDT) auction in Aug. 2024 significantly strengthened the upward trend of the previous auction with an average increase of +5.5 %. The main pillars of the result are the higher whole milk powder and clarified butter prices. The repeated high auction volume of 34,916 tons is…

Aug. 16, 2024: DRV cuts 2024 harvest estimate to 39.1 million tons In its 6th estimate, the German Raiffeisen Association (DRV) has cut the German grain harvest to 39.1 million tons. This is -8.2% below the previous year and -9.4% below the 5-year average. The 1st DRV estimate in March 2024 was still 41 million tons. In addition to a -4.7 % decline…

Above-average increase in global soybean supply in 2024/25 Global soybean production in 2024-25 will grow at an above-average rate of +8.5% compared to the previous year. The North and South American countries are the main contributors, accounting for around 80% of production. The use of soy is estimated at around 403 million tons. A comparison of…

Aug. 15, 2024: IGC reduces world grain harvest compared to previous month's estimate In its latest August issue, the International Grains Council (IGC) estimates the world grain harvest for 2024/25 at only 2,315 million tons, 6 million tons less than in the previous month. Compared to the previous year, however, an increase of almost 16 million…

USDA estimates oilseed market with focus on soybeans 5% higher than previous year The latest USDA estimate (Aug. 12, 2024) forecasts a +5% increase in global oilseed production in 2024/25 to 690 million tons. Consumption is only expected to increase by +3.4 % to 669 million tons. Accordingly, inventories are expected to increase to around 150.5…

Aug 2024: USDA cuts world grain supply 2024-25 In its latest Aug. 24 issue, the US Department of Agriculture (USDA) estimated the global grain harvest to be around 6 million tons lower than the previous month at 2,302 million tons. Global consumption is estimated at 2,310 million tons. As a result, inventories are expected to fall to 592 million…

1st GDT auction prices in Aug 2024: +0.5 % The first Global Dairy Trade (GDT) auction in Aug. 2024 confirmed the slight upward trend of the previous auction with an average increase of +0.5 %. The main pillars of the result are the higher whole milk powder and clarified butter prices. The high auction volume of 35,965 tons is outstanding. The…

July 2024: USDA adds to global dairy market estimates In its semi-annual report on the global dairy market, the US Department of Agriculture (USDA) assumes only slight increases in milk production in 2024 in major production regions. In the first quarter of 2024, the delivery volume in the major exporting countries will initially still be -0.5%…

July-24: MARS updates yield estimates - results mostly below previous month In its July edition, the EU Commission's Agrometeorological Institute (MARS) has revised its climate-based yield estimates downwards compared to the previous month. The weather conditions in the period between June 1 and July 13, 2024 show a rain deficit in most of eastern…

July 2024: IGC updates global soybean market situation 2024/25 at record level In its latest July 24 issue, the International Grains Council (IGC) publishes an updated estimate of the supply situation on the global soybean market. Global production is raised to 415 million tons (previous year: 392 million tons); the IGC estimates consumption at 404…

18 Jul.2024: IGC updates world grain estimate at slightly higher production/consumption level, but reduced supply situation In its latest July 24 estimate, the International Grains Council (IGC) has increased global grain production by +0.3% to 2,321 million tons. Global consumption is expected to increase slightly less strongly to 2,324 million…

DRV cuts 2024 harvest estimate below 42 million tons In its 5th estimate, the German Raiffeisen Association (DRV) has cut the German grain harvest to 41.5 million tons. This is -2.7% below the previous year and -3.9% below the 5-year average. The main reason for this is the established and foreseeable yield losses due to unfavorable weather…

DRV: Rapeseed harvest down to 3.8 million tons. The rapeseed harvest falls by around 10% compared to the previous year. A -5.1 % reduction in acreage and yields per hectare contributed equally to this. Particularly weak results are expected in Lower Saxony (-18.6 %), Thuringia (-17 %), Saxony (-13 %), Mecklenburg-Western Pomerania (-12 %) and…

2nd GDT auction prices in July 2024: +0.4% The second July 2024 Global Dairy Trade (GDT) auction brought the strong setback at the beginning of July to a halt with an average of +0.4 %. The recent weak results in the butter sector in the pre-auction were made up for again. The Aug. date in particular stands out with strong premiums. The auction…

USDA estimates world pork market little changed. In its quarterly July 24 report on the pork market, the USDA estimates little change in total production at 116.3 million tons. Consumption is estimated to be slightly lower than last year at 115.1 million tons. Global trade is expected to increase slightly on the export side. However, different…

USDA raises global oilseed crop to record level In the July 24 issue of its monthly estimates of the global oilseed market situation, the USDA raises the harvest result to 686 million tons compared to the previous month. In the previous year, production was still at 657 million tons. Soybeans account for the lion's share of production at 422…

July 2024: USDA estimates world grain production and consumption higher in 2024/25, but stocks lower In its latest July issue, the US Department of Agriculture (USDA) slightly increased the global grain harvest in 2024/25 compared to the previous month's estimate. Compared to the previous year, the rates of increase in production and consumption…

Jul. 2024: FAO updates world grain supply. In its latest July issue, the Food and Agriculture Organization of the United Nations (FAO) has updated its estimate of the world grain supply for 2024-25. The production and consumption figures were slightly increased compared to the previous month's estimate. Grain production (excluding rice) in 2024/25…

1st GDT auction prices in July 2024: -6.9%, increase in turnover +45% The first Global Dairy Trade (GDT) auction in July 2024 saw a significant setback in the previously stable and friendly price trend with an average of -6.9%. In addition to milk powder, particularly weak results in the butter sector contributed significantly to this. The auction…