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DG AGRI DASHBOARD: CEREALS
Sources : European Commission (DG ESTAT, DG JRC, DG AGRI, DG TAXUD), European Central Bank, IGC, ICE, The Baltic Exchange, CME, MATIF, France Agrimer
Last update: 24.11.2016P
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EU (milling) & US (SRW) wheat futures - 60 days CME US maize & soybeans futures - 60 days Monthly avg: currency - oil - freight€/t $/t €/t $/t €/t $/t
US Gulf (SRW) 172 182 3% 0% -12% -12%
US Gulf (HRW) 181 192 3% 0% -8% -9%
EU Rouen (grade 1) 176 187 4% 1% -1% -2%
CA St Lawrence (CWAD) 318 337 8% 5% 13% 12%
EU Port-la-Nouvelle n.q. n.q. - - - -
Black sea (feed) 154 163 9% 6% -10% -10%
EU Rouen (feed) 146 154 4% 1% -11% -12%
US Gulf (3YC) 152 161 -1% -3% -4% -4%
EU Bordeaux 170 180 4% 2% 2% 1%
soybeans US Gulf (2Y) 375 398 4% 2% 16% 15%
maize
23 Nov 2016 m/m variation y/y variationExport prices FOB
durum
wheat
wheat
barley
140
155
170
185
200
0
20
40
60
80
100
120
140
160
24/09 04/10 14/10 24/10 03/11 13/11 23/11
€/t
Euronext milling wheat futures
Daily Volume
DEC'17: 175
MAY'17: 173
DEC'16: 169
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
50
to
ns)
115
120
125
130
135
140
145
150
155
160
165
170
0
150
300
450
600
750
900
1050
1200
24/09 04/10 14/10 24/10 03/11 13/11 23/11
$/t
CME Maize futures
Daily volume
DEC'17: 153
MAY'17: 144
DEC'16: 138
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
12
7 t
on
s)
170
172
168
140
150
160
170
180
190
200
Nov-15 Feb-16 May-16 Aug-16 Nov-16
€/t Wheat - monthly avg. export prices (fob)
US Gulf EU Rouen Black Sea
150
168
156
140
150
160
170
180
190
Nov-15 Feb-16 May-16 Aug-16 Nov-16
€/t Maize - monthly avg. export prices (fob)
US Gulf EU Bordeaux Black Sea
2077
1035748
332
0
500
1000
1500
2000
2500
cereals maize wheat soybeans
World production (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)
293
134
59 59
0
100
200
300
400
cereals wheat maize barley
EU production (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)
498
221 233
33
0
100
200
300
400
500
600
cereals maize wheat soybeans
World stocks (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)
43
916
9
0
10
20
30
40
50
60
cereals wheat maize barley
EU stocks (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)
47
30
40
50
60
70
Nov-15 Feb-16 May-16 Aug-16 Nov-16
Brent Crude Oil $/barrel
130
140
150
160
170
180
190
200
210
220
0
50
100
150
200
250
300
350
24/09 04/10 14/10 24/10 03/11 13/11 23/11
$/t
Chicago (CME) SRW futures
DEC'16: 148
MAY'17: 161
DEC'17: 178
Daily volume
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
13
6 t
on
s)
340
345
350
355
360
365
370
375
380
385
390
0
100
200
300
400
500
24/09 04/10 14/10 24/10 03/11 13/11 23/11
$/t
Chicago soybeans futures
Daily volume
JAN'17: 380
MAR'17: 383
MAY'17: 385
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
13
6to
ns)
1036
200
400
600
800
1000
1200
Nov-15 Feb-16 May-16 Aug-16 Nov-16
Freight (Baltic dry index)
1.09
1.06
1.08
1.10
1.12
1.14
Nov-15 Feb-16 May-16 Aug-16 Nov-16
Exchange rate € vs $ $
Wheat imports
Coarse grain imports
Wheat exports
Coarse grain exports
Trade balance
30
20
10
0
10
20
30
40
50
Mil
lio
n to
nn
es
Marketing Year (July-June)
Cereals: 16 marketing years trade evolution (EU28 countries)
2015/1632.6
0
10
20
30
40
0
300
600
900
1200
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
To
tal
MY
-m
illi
on
to
nn
es
Week
ly v
olu
me -
tho
usan
d to
nn
es
w eek
Common wheat & flour - exports
2016/17 9.9
Weeklyvolume
(current MY)2015/16
14.1
0
4
8
12
16
0
100
200
300
400
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
To
tal
MY -
mil
lio
n to
nn
es
We
ek
ly v
olu
me
-th
ou
san
d to
nn
es
w eek
Barley, malt included - exports
2016/17 2.8
Weeklyvolume
(current MY)
2015/1613.3
0
4
8
12
16
0
100
200
300
400
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
To
tal
MY -
mil
lio
n to
nn
es
Week
ly v
olu
me -
tho
usan
d t
on
nes
w eek
Maize - imports
2016/17 3.3
Weeklyvolume
(current MY)
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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€/t $/t €/t $/t €/t $/t
US Gulf (SRW) 172 182 3% 0% -12% -12%
US Gulf (HRW) 181 192 3% 0% -8% -9%
EU Rouen (grade 1) 176 187 4% 1% -1% -2%
CA St Lawrence (CWAD) 318 337 8% 5% 13% 12%
EU Port-la-Nouvelle n.q. n.q. - - - -
Black sea (feed) 154 163 9% 6% -10% -10%
EU Rouen (feed) 146 154 4% 1% -11% -12%
US Gulf (3YC) 152 161 -1% -3% -4% -4%
EU Bordeaux 170 180 4% 2% 2% 1%
soybeans US Gulf (2Y) 375 398 4% 2% 16% 15%
maize
23 Nov 2016 m/m variation y/y variationExport prices FOB
durum
wheat
wheat
barley
Sources: International Grains Council, France Agrimer
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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170
172
168
140
150
160
170
180
190
200
Nov-15 Feb-16 May-16 Aug-16 Nov-16
€/t Wheat - monthly avg. export prices (fob)
US Gulf EU Rouen Black Sea
Source: International Grains Council
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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150
168
156
140
150
160
170
180
190
Nov-15 Feb-16 May-16 Aug-16 Nov-16
€/t Maize - monthly avg. export prices (fob)
US Gulf EU Bordeaux Black Sea
Sources: International Grains Council, France Agrimer
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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2077
1035748
332
0
500
1000
1500
2000
2500
cereals maize wheat soybeans
World production (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)Source: International Grains Council
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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293
134
59 59
0
100
200
300
400
cereals wheat maize barley
EU production (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)Source: European Commission – DG AGRI
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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498
221 233
33
0
100
200
300
400
500
600
cereals maize wheat soybeans
World stocks (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)Source: International Grains Council
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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PageNext
43
916
9
0
10
20
30
40
50
60
cereals wheat maize barley
EU stocks (million tonnes)
2013/14 2014/15 2015/16 (est) 2016/17 (f'cast)Source: European Commission – DG AGRI
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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140
155
170
185
200
0
20
40
60
80
100
120
140
160
24/09 04/10 14/10 24/10 03/11 13/11 23/11
€/t
Euronext milling wheat futures
Daily Volume
DEC'17: 175
MAY'17: 173
DEC'16: 169
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
50
to
ns)
130
140
150
160
170
180
190
200
210
220
0
50
100
150
200
250
300
350
24/09 04/10 14/10 24/10 03/11 13/11 23/11
$/t
Chicago (CME) SRW futures
DEC'16: 148
MAY'17: 161
DEC'17: 178
Daily volume
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
13
6 t
on
s)
EU (milling) & US (SRW) wheat futures - 60 days
Source: MATIF Source: CME
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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115
120
125
130
135
140
145
150
155
160
165
170
0
150
300
450
600
750
900
1050
1200
24/09 04/10 14/10 24/10 03/11 13/11 23/11
$/t
CME Maize futures
Daily volume
DEC'17: 153
MAY'17: 144
DEC'16: 138
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
12
7 t
on
s)
340
345
350
355
360
365
370
375
380
385
390
0
100
200
300
400
500
24/09 04/10 14/10 24/10 03/11 13/11 23/11
$/t
Chicago soybeans futures
Daily volume
JAN'17: 380
MAR'17: 383
MAY'17: 385
Dai
ly t
rad
ed v
olu
me
(10
00
co
ntr
acts
of
13
6to
ns)
CME US maize & soybeans futures - 60 days
Source: CME Source: CME
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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47
30
40
50
60
70
Nov-15 Feb-16 May-16 Aug-16 Nov-16
Brent Crude Oil $/barrel
1036
200
400
600
800
1000
1200
Nov-15 Feb-16 May-16 Aug-16 Nov-16
Freight (Baltic dry index)
Monthly avg: currency - oil - freight
Source: Intercontinental Exchange
Source: European Central Bank Source: The Baltic Exchange
1.09
1.06
1.08
1.10
1.12
1.14
Nov-15 Feb-16 May-16 Aug-16 Nov-16
Exchange rate € vs $ $
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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Source: European Commission – DG JRC
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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Source: European Commission – DG TAXUD
2015/1632.6
0
10
20
30
40
0
300
600
900
1200
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
To
tal
MY
-m
illi
on
to
nn
es
We
ek
ly v
olu
me
-th
ou
sa
nd
to
nn
es
w eek
Common wheat & flour - exports
2016/17 9.9
Weeklyvolume
(current MY)
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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Source: European Commission – DG TAXUD
2015/16
14.1
0
4
8
12
16
0
100
200
300
400
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
To
tal
MY -
mil
lio
n to
nn
es
We
ek
ly v
olu
me
-th
ou
san
d to
nn
es
w eek
Barley, malt included - exports
2016/17 2.8
Weeklyvolume
(current MY)
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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Source: European Commission – DG TAXUD
2015/1613.3
0
4
8
12
16
0
100
200
300
400
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
To
tal
MY -
mil
lio
n to
nn
es
Week
ly v
olu
me -
tho
usan
d t
on
nes
w eek
Maize - imports
2016/17 3.3
Weeklyvolume
(current MY)
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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Page
Source: Eurostat
Wheat imports
Coarse grain imports
Wheat exports
Coarse grain exports
Trade balance
30
20
10
0
10
20
30
40
50
Mil
lio
n to
nn
es
Marketing Year (July-June)
Cereals: 16 marketing years trade evolution (EU28 countries)