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: 24.05.2018 Prices Production & Stocks Trade Weather & crops conditions 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) 196 230 10% 6% 23% 28% US Gulf (HRW) 217 254 11% 6% 21% 26% EU Rouen (grade 1) 176 206 5% 0% 5% 10% CA St Lawrence (CWAD) n.q. n.q. - - - - EU Port-la-Nouvelle n.q. n.q. - - - - Black sea (feed) 175 205 -2% -6% 22% 28% EU Rouen (feed) 176 206 2% -2% 17% 23% US Gulf (3YC) 165 193 4% 0% 14% 20% EU Bordeaux 173 202 4% 0% 1% 6% soybeans US Gulf (2Y) 346 405 3% -2% 6% 11% maize 23 May 2018 m/m variation y/y variation Export prices FOB durum wheat wheat barley 130 145 160 175 190 205 0 20 40 60 80 100 120 24/03 03/04 13/04 23/04 03/05 13/05 23/05 €/t Euronext milling wheat futures Daily Volume SEP'19: 183 MAR'18: 185 SEP'18: 179 Daily traded volume (1000 contracts of 50 tons) 140 145 150 155 160 165 170 175 180 0 150 300 450 600 750 900 1050 1200 24/03 03/04 13/04 23/04 03/05 13/05 23/05 $/t CME Maize futures Daily volume JUL'19: 174 DEC'18: 168 JUL'18: 161 Daily traded volume (1000 contracts of 127 tons) 191 173 179 140 150 160 170 180 190 200 May-17 Aug-17 Nov-17 Feb-18 May-18 €/t Wheat - monthly avg. export prices (fob) US Gulf EU Rouen Black Sea 163 171 169 125 135 145 155 165 175 185 May-17 Aug-17 Nov-17 Feb-18 May-18 €/t Maize - monthly avg. export prices (fob) US Gulf EU Bordeaux Black Sea 2088 1054 739 355 0 1000 2000 3000 cereals maize wheat soybeans World production (million tonnes) 2015/16 2016/17 (est) 2017/18 (f'cast) 2018/19 (proj.) 306 142 64 61 0 100 200 300 400 cereals wheat maize barley EU production (million tonnes) 2015/16 2016/17 2017/18 (est) 2018/19 (f'cast) 560 262 257 40 0 200 400 600 800 cereals maize wheat soybeans World stocks (million tonnes) 2015/16 2016/17 (est) 2017/18 (f'cast) 2018/19 (proj.) 47 15 21 7 0 10 20 30 40 50 60 cereals wheat maize barley EU stocks (million tonnes) 2015/16 2016/17 2017/18 (est) 2018/19 (f'cast) 77 40 50 70 80 May-17 Aug -17 Nov-17 Feb-18 May-18 Brent Crude Oil $/barrel 150 160 170 180 190 200 210 220 230 0 50 100 150 200 250 300 350 400 450 500 24/03 03/04 13/04 23/04 03/05 13/05 23/05 $/t Chicago (CME) SRW futures JUL'18: 195 DEC'18: 209 JUL'19: 220 Daily volume Daily traded volume (1000 contracts of 136 tons) 350 360 370 380 390 400 410 420 0 100 200 300 400 500 600 700 800 900 1000 1100 24/03 03/04 13/04 23/04 03/05 13/05 23/05 $/t Chicago soybeans futures Daily volume JUL'18: 382 AUG'18: 383 SEP'18: 384 Daily traded volume (1000 contracts of 136tons) 1407 600 800 1000 1200 1400 1600 1800 May-17 Aug-17 Nov-17 Feb-18 May-18 Freight (Baltic dry index) 1.19 1.03 1.07 1.11 1.15 1.19 1.23 1.27 May-17 Aug -17 Nov-17 Feb-18 May-18 Exchange rate € vs $ $ Wheat imports Coarse grain imports Wheat exports Coarse grain exports Trade balance 30 20 10 0 10 20 30 40 50 Million tonnes Marketing Year (July-June) Cereals: 17 marketing years trade evolution (EU28 countries) 2016/17 25.1 0 10 20 30 0 300 600 900 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 Total MY - million tonnes Weekly volume - thousand tonnes w eek Common wheat & flour - exports 2017/18 18.7Mt Weekly volume (current MY) 2016/17 8.4 0 4 8 12 0 200 400 600 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 Total MY - million tonnes Weekly volume - thousand tonnes w eek Barley, malt included - exports 2017/18 7.5Mt Weekly volume (current MY) 2016/17 13.1 0 4 8 12 16 0 200 400 600 800 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 Total MY - million tonnes Weekly volume - thousand tonnes w eek Maize - imports 2017/18 15.4Mt Weekly volume (current MY)