A good start to the week on Matif: How will cereals yield in the global market this year?

Published 2023년 6월 20일

Tridge summary

The article reports on the successful trade of wheat and corn in yesterday's session on Matifa, with a decline in rapeseed prices. The European Commission's MARS report highlights the potential impact of drought on crops, with wheat yield estimates slightly decreasing due to dry conditions in northern Europe. The yield forecasts for winter barley and rye have also been lowered, while triticale yields have slightly increased. The article notes that prices are largely dependent on weather conditions and competition from Russia. Corn yields in the EU are estimated to be slightly below May's report but still 29% more than last year and 2% above the five-year average.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Yesterday's session on Matifa was successful for wheat and corn, while the price of rapeseed fell. The CBoT exchange was closed yesterday. The European Commission published its monthly MARS report on Monday, which says more about the potential effects of drought on crops. Wheat rose by EUR 2.25/t to EUR 241/t, maize by EUR 5/t to EUR 242.25/t and rapeseed fell by EUR 4.25/t to EUR 469.25/t. Specialists from the Kaack website note that prices will largely depend on the weather. And how did the MARS report “react” to the dry conditions? Wheat yield is estimated at 5.7 t/ha compared to 5.79 a month ago, which is mainly due to the lack of rainfall in eastern Germany, Denmark, Sweden, the Baltic republics and northern Poland. It is also dry in the Benelux countries and north-western France. – Compared to the May report, the forecast for winter barley yields was lowered from 6.0 to 5.91 t/ha, and rye yields from 4.26 to 4.24 t/ha. In the case of triticale, there was a slight increase ...

Source: Wrp