News overview & archive

EU COM estimates higher rapeseed harvest in 2023, but consumption lower, rapeseed prices unstable The EU Commission (EU COM) forecasts an increasing rapeseed harvest of 20.22 million t in 2023 (previous year 19.5 million t). The decisive factors are an increasing area under cultivation and a slightly higher yield per hectare. On the consumption…

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 an increased cultivation…

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 drought, excess precipitation, lack of rain…

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 year . Global consumption is estimated at 2,302 million t . The…

Situation on the oilseed market: How are rapeseed prices developing? After the soaring price of rapeseed caused by the war, quotations are once again approaching the multi-year average level of around €400/t. The reversal is supported by falling soybean and palm oil prices as well as weaker crude oil prices. The extension of the agreement on…

GDT auction in May. 2023: -0.9% The second May 2023 auction of the Global Dairy Trade (GDT) had to give up part of the surcharges of the previous auctions with an average of -0.9%. The big loser was concentrated butter. The auction volume of around 21,565 t was again smaller than in the previous auctions. Whole milk powder (WMP) (around 50% of the…

USDA 2023/24 World Grain Market Estimate - Mixed Development The US Department of Agriculture (USDA) regularly delivers an initial estimate of the global grain supply for the coming 2023/24 marketing year in the May issue. Production is provisionally estimated at just under 2,299 million t (previous year 2,230 million t), ie slightly better than in…

USDA: Oilseed Market Preview 2023/24 – More Soy The US Department of Agriculture (USDA) has published an initial forecast of the 2023/24 oilseed market. The production of all oilseeds is estimated at 671 million t (previous year 627 million t). The largest share of this falls on the global soybean market with 410 million t with an increase of…

Growth in global pig population halted for the time being. After the ASF-related herd slump in China, global pig numbers have recovered to pre-ASF levels in 2022. For 2023, however, the US Department of Agriculture (USDA) estimates a slight decline of around 1.8% compared to the previous year. In the largest production area , China , with more than…

FAO estimate May 2023: Global grain quantities 2022/23 lower, but stocks stable In its most recent May 2023 issue, the World Food and Agriculture Organization of the United Nations (FAO) made some corrections to the previous month's values of the world grain supply, but the overall result has changed only insignificantly. Compared to the previous…

GDT auction in May. 2023: +2.5% The first April 2023 auction of the Global Dairy Trade (GDT) has repeatedly closed positively with an average of +2.5%. The big winners were VMP and regular butter. The auction volume of around 23,265 t was again significantly smaller than in the previous auctions. Whole milk powder (VMP) (approx. 50% auction share)…

EU oilseeds: growing domestic production, but high need for imports remains Around 33 million tonnes of oilseeds in the form of rapeseed, soybeans and sunflowers are produced in the EU internal market. However, a further 21.3 million t of imports are required to cover demand. In its April 2023 issue, the EU-KOM estimates the EU rapeseed harvest at…

EU COM corrects 2023 EU harvest downwards – but remains above the 5-year average In its most recent April 2023 edition, the EU Commission estimated the upcoming EU grain harvest at 284.5 million tonnes, lower than in the previous month. Compared to the weak previous year, the result should be +7.1% higher. In a 5-year comparison, the 2023 harvest…

MARS lowers yield forecasts for the 2023 harvest compared to the previous month In its April 2023 issue, the Agricultural Meteorological Institute of the EU Commission (MARS) revised the previous yield forecasts for the 2023 harvest downwards on the basis of climate data. According to the current state of knowledge, the yield forecast for wheat…

Apr.-2023 DRV: 2nd grain harvest estimate for 2023 at 42.8 million t In its 2nd harvest estimate, the German Raiffeisenverband (DRV) reduced German grain production in 2023 to 42.8 million t compared to the previous month. The result is only around -1.5% below the previous year, but +0.4% above the 5-year average. With a reduced area under…

GDT auction in Apr. 2023: +3.2% The second Apr 2023 Global Dairy Trade (GDT) auction closed at an average of +3.2%. In contrast to the pre-auction, all partial results were positive. The big winners were MMP and both butterfat. The auction volume of around 22,713 t was again significantly smaller than in the previous auctions. Whole milk powder…

USDA corrects global pork production from Jan 2023 estimate In its April 2023 issue, the US Department of Agriculture (USDA) corrects its Jan estimate for global pork production to 114.3 Mt (previous year 114.58 Mt). In particular, cuts were made in the EU-27, Canada and South Korea, as well as in a number of small producing countries. In China and…

USDA: 2022/23 global oilseeds up 2.65% yoy, but lower than previous month In its latest April 23 edition, the US Department of Agriculture (USDA) cut global oilseeds production 2022/23 slightly from the previous month, but remains in Result above previous year's level. Total production is calculated at 625 million t, consumption is estimated at…

Apr.2023: USDA corrects global grain estimate 2022/23 In its latest monthly edition, the US Department of Agriculture (USDA) corrects the previous world grain supply. The past weather developments in some production areas gave rise to appropriate adjustments. The world grain harvest 2022/23 totals 2,225.3 million t; consumption is estimated at 2…

FAO corrects previous estimates of the 2022/23 world grain harvest In its April 2023 issue, the FAO estimates the world grain supply for 2022/23 to be slightly higher than in the previous year. The production of grain without rice is estimated at 2,261 million t (previous year 2,287 million t). However, grain consumption should only amount to 2,259…

GDT Auction in Apr. 2023: - 4.7% The first Apr 2023 Global Dairy Trade (GDT) auction closed at an average of -4.7%. All partial results were in the negative range. The big losers were concentrated butter and whole milk powder. In a long-term comparison, the GDT index has slipped back below the 10-year average. The auction volume of around 23,828 t…

EU-COM estimates 2023 rapeseed harvest at 19.8 million t The EU Commission (EU-KOM) published its harvest estimate for the rapeseed market in its spring edition of "Short Term Outlooks". The 2023 harvest is forecast to be around 1% higher at 19.8 million tonnes. With unchanged earnings prospects compared to the previous year, the increased acreage…

EU COM forecasts further decline in the pork market in 2023 In its spring edition, the EU Commission (EU COM) estimates that the EU pork market in 2023 will be even lower than in the previous year. Net production is estimated to be -5.1% lower at 21.2 million t. Within 2 years, EU production has shrunk by a total of 10.5%. In addition to the…

EU-COM estimates grain harvest 2023 just below the 10-year average, but 8.4% above previous year In its spring edition, the EU Commission (EU-KOM) estimates the grain harvest at around 290 million t (previous year 268 million t). The result comes from a slight increase in the cultivation area, but significantly higher yield expectations of 56 dt/ha…

COCERAL Estimate of the EU Rapeseed, Sunflower and Soybean Crop 2023 In its Mar 23 edition, the Confederation of European Grain and Oilseed Traders (COCERAL) published its 2nd estimate of the EU oilseed harvest (rapeseed, sunflower and soybean). . In the case of rapeseed , production in 2023 is estimated to be slightly higher at 19.86 million t…

COCERAL in March 2023: EU harvest estimate 2023 over 5-year level On March 24, 2023, the umbrella organization of European grain and oilseed traders (COCERAL) published its 2nd estimate for the EU grain harvest 2023 of around 280 million tons published. In it, the result of the first estimate of 282 million t is slightly corrected downwards…

GDT Auction in Mar 2023: -2.6% The second Global Dairy Trade (GDT) Mar 2023 auction closed at an average of -2.6%. The average results of all products were negative. In a long-term comparison, the GDT index has slipped back to the 10-year average. The auction volume of around 26,795 t was just as small as in the previous auction. Whole milk powder…

MARS with 1st yield forecast for 2023 The Agricultural Meteorological Institute of the EU Commission (MARS) has published an initial forecast of possible yields per hectare in 2023 based on trend developments and evaluation of the latest climate data. Accordingly, an average EU grain yield of 5.6 t/ha or 2% more than in the previous year is…

Mar. 2023 DRV: first harvest estimate 2023 The German Raiffeisen Association (DRV) has undertaken a first attempt to estimate the 2023 harvest. The bases are those of the Stat. Federal Office determined areas under cultivation for winter crops as well as DRV estimates of the remaining areas and expected yields. The result is a grain harvest in 2023…

USDA estimates higher oilseed production in 2022/23 and higher consumption In its March 23 oilseed estimate, the US Department of Agriculture (USDA) estimated the global soybean harvest 2022/23 to be around 8 million t lower than in the previous month. Compared to the previous year, however, the result is 17 million t or 4.7% higher. At 374 million…

USDA corrects world grain supply only slightly compared to the previous month In its most recent March 2023 edition, the US Department of Agriculture (USDA) only changed the estimates for the global grain supply situation for 2022/23 in a few cases. Wheat market: + 5 million t compared to the previous month The Australian wheat harvest was…

GDT Auction in Mar 2023: -0.7% The first Global Dairy Trade (GDT) Mar 2023 auction closed at an average of -0.7%. Except for VMP, all average results were in the negative range. In a long-term comparison, the GDT index has slipped back to the 10-year average. The auction volume of around 26,747 t was comparatively small. Whole milk powder (VMP)…

Mar 2023: FAO improves global grain estimate 2022/23 - corrected forecast for 2023 In its latest Mar 2023 report on the situation in the world grain market , the Food and Agriculture Organization of the United Nations (FAO) has compared to the Fbr.2023 estimate Upward revisions of 9 million t made. The main beneficiaries of this are rice with +5…

GDT Auction in Feb 2023: -1.5% The second Feb. 2023 auction of the Global Dairy Trade (GDT) ended after a brief recovery in the pre-auction with an average of -1.5%. Except for normal butter, all results were in the negative range. In a long-term comparison, the GDT index has slipped back to the 10-year average. The auction volume of around 30,693…

MARS: no winter damage so far - winter hardiness sufficient Based on the climate data evaluation from January 1 to February 17, 2023, the Agricultural Meteorological Institute of the EU Commission (MARS) has not identified any winter damage. Temperatures range from unusually warm to average wintry, but with no significant cold snaps. According to…

IGC reduces estimate of soybean harvest 2022/23 by - 6 mln t compared to previous month. In its most recent February 2023 issue, the International Grains Council (IGC) estimated the global soybean harvest at just 378 million tonnes. In January 2023, the IGC assumed 384.5 million t. But the persistent drought in Argentina has contributed to a…

IGC cuts global grain harvest 2022/23 by 8 million t compared to previous month's estimate In the latest Feb. 2023 issue, the International Grains Council (IGC) estimates the global grain harvest to be around 8 million t lower than in Jan. 2023. The main reason is the downgrading of the corn harvests in the USA and Argentina. Total grain…

USDA corrects oilseeds market 2022/23 The US Department of Agriculture (USDA) updated its assessment of the global supply situation on the oilseeds market in the Feb. 2023 issue. As a result, global oilseed production is only 637 million t (previous month 642 million t). The main decline is due to a lower soybean harvest of 383 million tons…

GDT auction in Feb. 2023: +3.2% The first Feb 2023 Global Dairy Trade (GDT) auction breaks the previous downtrend of the pre-auctions with a significant +3.2% on average. Milk fats in particular have more than made up for their earlier setbacks. Whole milk powder also achieved significant premiums. The auction volume of around 32,582 t was…

Feb 2023: FAO updates global grain supply 2022/23 - first preview of crop 2023 The Food and Agriculture Organization of the United Nations (FAO) has in its latest Jan.2023 report on the situation in the world grain market compared to the Dec.2022 forecast Upward corrections made. Wheat is primarily affected by this, while the supply of corn is…

Will soybean meal remain expensive? If you look at the soybean meal price trend in recent years, a multi-stage development can be seen: Until the middle of 2020 , the purchase prices for GM0 goods with 43/44% RP in northern Germany were around the 350 €/t mark. The Chicago Stock Exchange quoted around $300 per sht (sht=907 kg) for 48% RP goods…

The risk of overwintering increases again The climate data evaluation of the Agrometeorological Institute at the EU Commission (MARS) shows a pronounced temperature sum surplus for large parts of Central and Eastern Europe. After the short cold spell in mid-December 2022, the unusually warm temperatures at the beginning of 2023 ensured that the…

World pork production growing in 2023 The US Department of Agriculture (USDA) in its latest Jan. 23 edition increased the estimate of world pork production to +3.8% yoy. China has a significant share in this with an expected increase of +7.8% to around 55 million t. This corresponds to around 48% of world production. Nevertheless, the Chinese…

GDT Auction in Jan 2023: -0.1% The second Jan 2023 Global Dairy Trade (GDT) auction slightly continues the previous downward trend of the pre-auction and returns -0.1% on average. Both milk fats contributed to the price reduction. The auction volume of around 31,872 t was repeatedly large. Whole milk powder (VMP) (approx. 50% auction share) was…

Oilseed market – cutbacks on the previous month 's estimate In its Jan. 2023 issue, the US Department of Agriculture (USDA) estimates the global oilseed harvest for 2022/23 to be somewhat lower than in the previous month. Compared to the previous year , however, earnings are still expected to be +5.6% higher. With a production share of 57%, soya…

Jan-2023: USDA estimates world grain supply very cautiously. The US Department of Agriculture has shown its Jan 23 issue very cautious with more recent crop numbers. In particular, the most recent information on the results in Russia and Australia was not adopted because it was not yet believed to be sufficiently reliable. In essence, the…

1st GDT Auction in Jan 2023: -2.8% - high turnover at the beginning of the year . Skimmed milk powder and butterfat delivered the decisive downward swings. The auction volume of around 33,478 t was surprisingly large. Whole milk powder (VMP) (approx. 50% auction share) more than had to give up the low surcharges in the pre-auction. With the…

Fertilizer market: Prices are still falling at the moment, but firmer again in fertilizer season 23 The natural gas prices, which fell again after the Ukraine shock, in 2022 meant that urea prices, the world's leading product for N fertilizers, also fell significantly in the period after the main fertilizer phase. In a market structure similar to a…

Brief review and outlook for the global milk market 2022 - 2023 Milk production in major production and export countries at world level experienced a significant decline in the first half of 2022 . The large production areas such as the EU, USA and the oceanic countries of New Zealand and Australia have reduced their production. The increased feed…

Preliminary results of the livestock census The preliminary results of the livestock census of November 3, 2022 show a reduction in the pig population of -10.1% compared to the previous year's date. From May to November 2022 alone, 4.5% fewer animals were kept. In the sow area, the decrease rates in a six-month comparison are even -6.6%. The…

2nd GDT auction in December 2022: -3.8% At -3.8%, the second December 2022 auction of Global Dairy Trade (GDT) canceled out the previous upward trends of the two previous auctions. The milk powder prices set the direction. The butter fats followed at a certain distance. The slightly lower auction volume of around 28,724 t remains in the lower…

Dec. 2022: USDA confirms high world rapeseed harvest 2022-23 After the previous weak years, the rapeseed harvests in important countries of the world have increased strongly with an increase of 10 million t or 14%. The decisive factors were the harvests in the two largest growing regions, the EU with +13.3% and Canada with +38.1%. But also in a…

Dec 2022: USDA lower estimates for 2022/23 world grain harvest The US Department of Agriculture (USDA) again lowered its estimate for the world grain harvest in its latest Dec 22 issue. Production reaches 2,234 million t (previous year 2,284 million t). Consumption is classified at 2,253 million t (previous year 2,281 million t). Accordingly, the…

1st GDT auction in December 2022: +0.6% The first December 2022 auction of Global Dairy Trade (GDT) confirms the previous slight upward trend of the previous auction and achieved an average of +0.6%. Skimmed milk powder and butterfat delivered the decisive upward swings. The auction volume of around 29,570 t remains only in the lower midfield for…

Status and prospects of pig farming in important EU Member States With the exception of Spain, pig production in important EU Member States shows a clear decline for the years 2022 and 2023 . In Germany , the decline in stocks that has been evident for years is continuing. In Denmark and the Netherlands , after an interim high phase in 2021, a…

Nov.-2022: EU-COM estimates EU grain production at just 268 million tons In its November issue, the EU Commission again corrected the grain supply in the internal market slightly downwards. Usable generation falls by around 8% to just 268.4 million t. The wheat harvest reaches almost 127 million tons. The result for K. corn was again corrected…

Nov. 2022: IGC cuts global grain supply again In its latest Nov. 22 issue, the International Grains Council (IGC) estimated the world grain harvest to be slightly lower than in the previous month. Global production is estimated at 2,255 million t. The IGC estimates global grain consumption at 2,271.8 million tons. The shortfall will be covered by…

2nd GDT auction in Nov. 2022: +2.4% The second Nov 2022 auction of the Global Dairy Trade (GDT) interrupts the previous downward trend of the pre-auctions and achieves an average of +2.4%. Skimmed milk and whole milk powder delivered the decisive upward swings. The auction volume of around 28,980 t for the season is still below the multi-year…

Nov. 2022: USDA corrects global grain harvest 2022/23 slightly upwards compared to the previous month Monthly comparison results The US Department of Agriculture (USDA) only slightly corrected the world grain harvest 2022/23 compared to the previous month in its latest Nov 2022 edition. The changes affected Argentina's drought-stricken wheat and…

FAO reduces world grain supply by 1.8% yoy On November 4, 2022, the FAO published its latest monthly report on the world grain market. Production including rice is classified as lower by -1.8% yoy . However, global consumption is only expected to decrease by -0.7% . A corresponding reduction in inventories takes place. The reserves amount to only…