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...
Key Takeaways: Demand and capacity decide where milk growth lands. Italian cheese is up 4.2 percent in 2026, and milk output is growing fastest in Kansas, South Dakota and Texas, where the new plants are located. Price spreads decide where the marginal milk goes. The Class IV premium over Clas...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
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”...
