News overview & archive

MARS: Wetness and cold in Europe with partial damage to winter crops The EU Commission's Agricultural Meteorological Institute (MARS) has identified an abrupt drop in temperature for large parts of Europe at the turn of the month November/December 2023. Due to the previous weather conditions, the winter seeds were sown relatively late and had not…

EU pig slaughterings around 23% below previous year In its most recent publication of EU pig slaughterings, the Commission (EU-COM) found a decline of around 23% or -50 million slaughters. For reasons of comparability, the first 11 months of the two years 2022 and 2023 were used as a basis. The relatively largest reduction was achieved in Denmark…

EU-COM: Medium-term preview of the EU meat market In its most recent December issue, the EU Commission (EU-COM) published its regular medium-term preview of the key meat markets of the EU-27 . The period under consideration extends from 2022 to 2035. Overall, from today's perspective, a decline in production and consumption is expected. Meat…

USDA: Global grain production 2023/24 increased slightly compared to the previous month. The US Department of Agriculture (USDA) also increased its global grain supply slightly compared to the previous month. Grain production (excluding rice) will increase slightly to 2,236 million tonnes. Consumption is estimated at 2,284 million tonnes. However…

Oilseed market: high supply despite reduction in previous month's results The USDA estimate for December 2023 is somewhat more subdued than expectations in the previous month. Nevertheless, a production increase of +4.3% to 661 million t is expected, consumption is estimated at 650 million t. As a result, inventories will increase by around 11…

Dec.-2023 FAO: global grain supply slightly higher than previous month In its latest Dec. 2023 edition, the United Nations Agriculture and Food Organization (FAO) slightly increases world grain production to 2,823 million t including rice. The slightly higher global wheat harvest contributes to this, while slight reductions are made in feed grain…

GDT auction in December 2023: +1.6%% The first December 2023 auction of Global Dairy Trade (GDT) set a positive tone with an average of +1.6%. There were price increases for the majority of delivery dates, but particularly in the milk powder sector. China demand was once again the deciding factor. The auction volume fell noticeably at 29,559 t…

Canada's 2023/24 grain harvest better than feared - rapeseed disappoints The latest assessment by the Canadian Agriculture/Food Board is better than feared in previous forecasts for the grain harvest at the end of November 2023. At around 55 million t, the total harvest is below the previous year's around 60 million t, but exceeds previous…

MARS - European weather October/Nov. 2023 predominantly wet and warm The EU Commission's Agricultural Meteorological Institute (MARS) analyzed the weather data in the period from October 1st to November 18th, 2023 with regard to the effects on agriculture. The results sometimes vary greatly from region to region. There was above-average wet weather…

Above-average supply of soybean market The IGC estimates global soybean production at a record high of 395 million t. Brazil played a decisive role in this with an increased harvest of 155 million t (previous year 126.5 million t). The new harvest due in spring 2024 is even estimated at 160 million t due to the increased cultivation area. Support…

IGC slightly increases global grain harvest 2023/24 The International Grain Council (IGC) has increased the global grain harvest 2023/24 by 3 million t to 2,295.4 million t in its monthly Nov-23 estimate. The increases compared to the previous month are due to higher harvest results in Russia, Ukraine and the USA. In contrast, production in…

USDA Nov. 2023: 2023/24 supply of wheat lower than corn The US Department of Agriculture increased the world grain harvest slightly to 2,281 million t in its monthly Nov. 23 estimate compared to the previous month. Compared to the previous year, the result is around 2% higher. Previous forecasts for the 2023/24 world grain harvest: In million t…

The USDA estimates global oilseed production in 2023/24 to be around 4.8% higher than in the previous year. The increasing soy production , with an increase of +7.6%, and the sunflower harvest, with an increase of +8.8%, played a significant role in this. In contrast, the global rapeseed harvest fell by -3.6% due to crop losses in Australia and…

GDT auction in November 2023: -0.7% The first November 2023 auction of Global Dairy Trade (GDT) has temporarily interrupted the price rise of the previous auctions with an average of -0.7%. The decisive factor was the price cuts for whole milk powder due to the more than 50% auction share. The declining demand from China was the decisive factor. At…

Nov. 2023: FAO confirms world grain harvest 2023/24 at peak level In its latest November 23 edition, the Food and Agriculture Organization of the United Nations (FAO) estimates the world grain harvest including rice at around 2,819 million tonnes, largely unchanged from the previous month. (previous year with 2,793.3 million t). Excluding rice, the…

IGC estimates world grain supply to be tighter than in the previous month In its latest edition from Oct. 19-23, the International Grain Council (IGC) estimates the world grain supply to be slightly lower than in the previous month. Compared to the previous three-year average of just under 600 million t, only 582 million t are expected; this amount…

GDT auction in Oct. 2023: +4.3% The second October 2023 auction of Global Dairy Trade (GDT) continued the price rise of the previous auctions with an average of +4.3%. The big winner was butterfat with +7.1%. But the two milk powders have also increased significantly again. Rising Chinese demand is the deciding factor. At 35,794 t, the auction…

World market 2024: Beef and pork weaker, chicken meat gains In its quarterly forecast for 2024, the US Department of Agriculture (USDA) predicts a slight decline in beef and pork worldwide, but an increase in chicken meat. Global beef production has changed only slightly for many years. The background is the low flexibility due to the long…

Oct. 2023: USDA corrects previous month's oilseed estimate downwards, but above previous year In its monthly estimate of the global oilseed market, the USDA reduces its forecasts for individual oilseed crops by a total of 1.5 million t to 659 million t. The biggest decline compared to the previous month is in soybean production at almost -2 million…

Oct. 2023: USDA updates world grain harvest 2023/24: lower than previous month In its latest monthly edition Oct.-23, the US Department of Agriculture revised the estimates of the world grain harvest 2023/24 slightly downwards compared to the previous month. The total harvest is now estimated at 2,278 million tonnes; This is slightly less than…

EU-COM short-term outlook for pork market 2024: easy reconstruction In its latest forecast for 2024, the EU Commission (EU-COM) expects a slight reconstruction of EU pork production to around 21, following the sharp declines of the two previous years .2 million t. However, the result remains far behind the 2021 peak of 23.66 million t. EU domestic…

FAO increases world grain harvest 2023/24 to record level The Food and Agriculture Organization of the United Nations (FAO) estimates the world grain harvest including rice at around 2,819 million t compared to the previous year's 2,279 million t . Excluding rice, the total harvest is 2,295.7 million t, just under 1 million t above the USDA…

COCERAL cuts EU grain harvest to 267 million tonnes. The European umbrella organization of grain and oilseed traders (COCERAL) has made a further cut in its 4th estimate of the EU grain harvest compared to the June edition. The result is now around 267 million t compared to the last estimate of 273 million t. A declining cultivated area is…

GDT auction in Oct. 2023: +4.4% The first October 2023 auction of Global Dairy Trade (GDT) continued the price increase of the two previous auctions with an average of +4.4%. The big winners were the two milk powder products. Rising Chinese demand is having an impact. At 38,350 t, the auction volume remains at the usual high level for the season…

Sep.2023: EU-COM cuts EU grain harvest 2023 compared to Aug. estimate In its latest publication, the European Commission (EU-COM) cut the EU harvest to 268.5 million tonnes compared to the previous month's estimate. In a year-on-year comparison, the result is still 1.2% higher than in 2022. Despite the smaller cultivated area, the higher yields per…

Oilseed market: high soy supply - soy prices fall significantly In its latest September 23 edition, the IGC slightly reduced global soybean production for 2023/24 compared to the previous month's estimate, but the overall result remains well above the previous year's level with an increase of almost 8%. The world harvest is estimated at 396 million…

GDT auction in September 2023: +4.6% The second September 2023 auction of Global Dairy Trade (GDT) continued the price increase in the previous auction with an average of +4.6%. The big winners were skimmed milk powder and concentrated butter. The increasing demand from China has been clearly noticeable. At 37,366 t, the auction volume remains at…

USDA: Oilseed market smaller than expected last month, but above previous year The USDA estimates the oilseed market at 661 million t, lower than the Aug estimate of 663.7 million t. Rapeseed and soybean production in particular is smaller. However, since consumption is also declining, the supply situation changes only insignificantly. In the case…

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 is estimated to be 3 million…

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 last year. Feed grain, with a focus on corn, contributed…

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 million . t reached. Measured against a multi-year average, the current result is…

MARS continues to reduce yield estimates In its most recent August issue, the EU Commission's Agrometeorological Institute (MARS) reduced the yield estimates from the previous month. Based on the climate data in the period from Anf. July to mid-Aug 2023, the average grain yield is classified -1% lower than the previous month, but still at the level…

IGC estimates world grain supply worse than USDA Following last week's crop estimate by the US Department of Agriculture (USDA), the International Grain Council (IGC) has now followed up with an updated forecast. The collection and estimation methods used by the two institutions are different, which is why the results differ. In both cases…

GDT Auction in Aug. 2023: -7.4% The second Aug 2023 auction of the Global Dairy Trade (GDT) continued the seasonally typical price weakness with an average of -7.4%. The big loser was once again whole milk powder. The auction volume has increased to 33,580 tons. In New Zealand the milk season is in its infancy; the peak is expected in October…

In its most recent Aug. 2023 edition, the USDA reduced the global oilseed harvest to growth of only +5.5% compared to the previous month's estimate of +8%. With the exception of the sunflower harvest, all other oilseed productions have been reduced compared to the July estimate. Soybeans have the largest market share at around two thirds. The world…

USDA Aug 2023: World grain 2023/24 down slightly – but better than last year In its August issue, the US Department of Agriculture (USDA) corrected the world grain supply only slightly compared to the previous month. Global production is estimated slightly lower at 2,290 million t. There were downward corrections to the previous month in particular…

GDT Auction in Aug. 2023: -4.3% The second July 2023 auction of the Global Dairy Trade (GDT) continued the seasonal weakness with an average of -4.3%. The big loser this time was whole milk powder. The auction volume has made a strong jump to 32,618 t due to the supply. The new milk season has started in New Zealand. Whole milk powder (RMP) (approx…

EU-KOM reduces the 2023 rapeseed harvest slightly In its most recent issue at the end of July 23, the EU Commission (EU-KOM) published a 0.5 million t reduction in the 2023 rapeseed harvest to 19.4 million t . (previous month 19.9 million t). The decisive factor is the reduced area yield with an average of only 32 dt/ha. The previous year's result…

EU Commission cuts 2023 grain harvest compared to the previous month's estimate At the end of July 2023, the EU COM corrected the 2023 grain harvest to just 273.65 million t compared to the previous month's estimate of around 278 million t. With a slightly changed cultivation area, the lower expected yield of only 5.4 t/ha on average is decisive…

Piglet and pig prices: end of the road in the foreseeable future? Pork prices are currently stagnating at €2.50/kg. Based on the 25 kg north-west listing, the piglet base price is around the average of €93. With the usual surcharges, the piglet delivered to the fattening pen also costs well over €100. The piglet prices are usually based on the pig…

USDA preview of the milk market 2023 The US Department of Agriculture (USDA) increased production in the major countries by 1.1% in its semi-annual July estimate of the global milk market 2023. The previous year 2022 was characterized by stagnation, mainly caused by high feed costs and other production burdens. Regionally different production…

IGC increases world grain harvest compared to previous month – consumption remains higher In its latest July issue, the International Grains Council (IGC) put the world grain harvest at 2,297 million t compared to the previous month's estimate. slightly increased. Grain production is expected to be 1.7% higher than in the previous year. Global…

USDA estimates lower global rapeseed harvest The USDA estimates global rapeseed production in 2023/24 at around 87.4 million t , which is 1 million t less than in the previous year. After the catastrophic result in 2021-22 with 13.7 million t, Canada is expecting a 2023 harvest of 20.3 million t and a doubled export of 8.9 million t. In the EU…

DRV: 5th grain harvest estimate for 2023 at 41.9 million t In its 5th harvest estimate, the German Raiffeisen Association (DRV) reduced German grain production in 2023 to 41.9 million t compared to the previous month. The result is around -3.6% below the previous year and -1.8% below the 5-year average. With a reduced area under cultivation…

USDA: Little Movement in Global Pork Market In its latest quarterly preview of the global pork market, the US Department of Agriculture (USDA) forecast little change from the Apr. 23 forecast and previous results. Pork production in selected important countries is estimated at 114.75 million t (previous year 114.39 million t). The USDA estimates…

Third USDA estimate for the 2023/24 global grain market In its July issue, the US Department of Agriculture (USDA) corrected the global grain supply for 2023/24 in only a few positions compared to the previous month. Global production will be reduced slightly to 2,310 million t. The USDA estimates consumption at 2,296 million t. This calculates to…

DBV estimates grain harvest at 40.9 million t or – 5% below previous year In its July issue, the German Farmers' Association (DBV) estimates the German grain harvest at just under 41 million t. Compared to the previous year, the result is -5% lower; in a 5-year comparison, the estimate is -3% lower. 10 years ago, harvests of between 45 and over 50…

GDT Auction in Jul 2023: -3.3% The first Global Dairy Trade (GDT) July 2023 auction halted a potential upside at an average of -3.3%. The big loser this time was normal butter and in 2nd place skimmed milk powder with clear setbacks. The auction volume of around 24,837 t has risen again to the usual level for the season. Whole milk powder (VMP)…

EU COM: Harvest estimate of June 30, 2023: - 7 million t less than the previous month In its most recent estimate of the EU grain harvest 2023, the EU Commission has reduced the previous month's result of 285 million t to the current 278 million t. Production is thus only around 7.5% above the weak previous year. If the area under cultivation has…

June 2023: EU-KOM: cuts rapeseed harvest estimate compared to the previous month In its most recent estimate of the EU rapeseed harvest for 2023, the EU Commission has reduced the higher result from the previous month to the current 19.9 million tonnes. In a year-on-year comparison, there is only a slight increase. Rapeseed consumption is reduced…

Sow husbandry in Germany has changed significantly. Sow husbandry forms the essential basis of pig husbandry in a country. Although imports are possible to a certain extent, they are usually only a supplementary part. In Germany, sow husbandry has declined by almost 40% over the past decade. Destocking accelerated by -22% between 2020 and 2023. The…

First evaluation of the May 2023 livestock census results The preliminary evaluation of the pig census of May 03, 2023 provides a reduction in the total pig population of -3.1%, which has continued for several years, compared to the census in November 2022. Compared to the date of the previous year, the decrease is even -7.3%. In contrast to the…

DRV: 4th grain harvest estimate for 2023 at 42 million t In its 4th harvest estimate , the German Raiffeisen Association (DRV) reduced German grain production in 2023 to 41 million t compared to the previous month by around 1.4 million t. The result is around -3.3% below the previous year and -1.5% below the 5-year average. With a reduced area…

MARS lowers yield forecasts for the 2023 EU harvest In its June 2023 issue, the Agricultural Meteorological Institute of the EU Commission (MARS) revised the previous yield forecasts for 2023 downwards on the basis of the latest climate data. Due to the persistent drought, the wheat yield forecast has been reduced by 2% compared to the previous…

Steep courses for rapeseed – What are the driving forces? since beginning On June 1st, 2023, the development of rapeseed prices reversed from a long-lasting descent into a surprisingly steep upward movement. Given the imminent harvest supply, the question arises as to what is driving this price development. The harvest estimates for Germany assume…

Coceral estimates EU grain harvest 2023 slightly higher than in the previous year In its 3rd forecast for early June 2023, the umbrella organization of European grain and oilseed traders (Coceral) compared the EU-27 grain harvest without GB to 273.4 million tons slightly up from the March 23 estimate. incl. Around 296.7 million t (previous year 291…

USDA estimates global canola crop 2023/24 slightly lower than last year After the strong increase in production in 2022/23 of +17%, the US Department of Agriculture (USDA) expects a rapeseed harvest for the coming year 2023/24 to be down by -1% in some areas. However, the development is very different in the individual growing areas. The USDA…

USDA 2023/24 World Grain Market Estimate Despite the flooding of 500,000 ha of farmland in Ukraine as a result of the dam destruction, the US Department of Agriculture (USDA) estimates a higher global grain supply in 2023/24 compared to the previous year. Production is provisionally estimated at just under 2,313 million t (previous year 2,230…

GDT Auction in Jun. 2023: -0.9% The first June 2023 auction of the Global Dairy Trade (GDT) performed a second time weaker with an average of -0.9%. The big loser this time was whole milk powder. The auction volume of around 23,119 t remained at the low level that is usual for the season . The later delivery months have a focus on Sep. and Oct.23…

FAO: Grain production and consumption 1% higher in 2023/24 than in the previous year In its June 2023 issue, the FAO estimates the world grain supply in 2023/24 to be around 1% higher than in the previous year. The production of grain without rice is estimated at 2,289 million t (previous year 2,270 million t). Grain consumption (without rice)…