Key Takeaways:
Weather conditions in Europe have continued to deteriorate following both the EU MARS’ latest balance sheet update and the August WASDE, leaving “official” estimates lagging behind the reality observed on the ground. WPI’s models anticipate a 4 percent reduction in EU maize yields from the July MARS estimate, with the bloc’s average yield forecast at 6.64 MT/ha. The EU-27 maize crop will likely fall to near 48.2 MMT this year, due to collapsing French and Hungarian crops. Despite the bleak production outlook, added imports will largely fill the domestic supply gap and modest demand rationing in feed and FSI use will keep ending stocks tight but relatively comfortable. Prices in Europe are...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
