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

Published Jun 21, 2023

Tridge summary

Yesterday's session on Matif 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.

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
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