Suggested:
A more comfortable supply is emerging in the global sugar market for 2025/26. The USDA forecasts global sugar production to be nearly 5% higher than the previous year. However, this is expected to be offset by a record level of consumption.
The International Grains Council (IGC) has published its monthly forecast for global grain production in the 2025/26 season. There is little change expected in harvest volumes and consumption.
At the "Global Dairy Trade" trading exchange, the average price for dairy products falls by 0.9% to $4,589 per ton. Lactose sees the biggest price drop.
The EU Trade Committee has approved the Brussels Commission's plans for tariffs on nitrogen fertilizer and other agricultural goods from Russia and Belarus. The Parliament is expected to follow suit shortly.
Wheat: Concerns about exports | Rapeseed needs rain | EEX butter in the black
From the US perspective, Mexico is not doing enough to combat the spread of the parasitic fly "New World screw-worm". It is advancing further north towards the US border. This now has consequences.
The stock prices for butter and milk powder for the next twelve months have dropped. This also lowers the milk price forecast.
In the current year, the quantities of cattle and beef exported from the EU have decreased overall so far.
The base tariff introduced by the USA could lead to a decrease in US imports of cheese from the EU. The impact on butter is expected to remain low. This is reported by Rabobank.
The USDA expects record harvests for wheat and corn. However, corn ending stocks are falling to a 12-year low.
The USDA predicts record harvests for corn and wheat in 2025/26. US corn production is expected to exceed 400 million tons for the first time, with a global total of 1.26 billion tons.
Soybeans continue to rise | Good weather limits corn gains | EEX potatoes under pressure