Wheat

In the June forecast of the US Department of Agriculture (USDA), it indicates 773 million tons in 2022/2023. expected global wheat harvest in the financial year – it is revealed From AKI’s latest report. The predicted consumption may be 786 million tons, so 267 million tons of wheat may remain in storage at the end of the season. According to information from the French market analysis company Tallage in June, the weather was dry in most of the European Union in May. In Western Europe, Spain, Italy and France, the lack of precipitation was combined with above-average temperatures, which negatively affected the condition of cereals. In Southern and Eastern Europe, there was either little rain (Romania, Bulgaria) or uneven distribution (Poland, Hungary). Weather conditions were favorable in Northern Europe (Northern Germany, Scandinavia, Finland, the Baltic States) and in some parts of Central Europe (Austria, Czech Republic).

In Hungary, according to AKI PÁIR data, edible wheat was traded at an average producer price of HUF 136.5 thousand per ton without VAT and transport costs in the third week of June. On the Budapest Stock Exchange (BÉT), the August and September quotes for euro wheat will drop by HUF 4,000 to HUF 140,000 and HUF 140.5, respectively, between June 13 and 24. The September settlement price of ISCC NUTS II sustainable fodder wheat was 139.5 thousand HUF/ton (-4000 HUF) at the same time. On the Chicago Mercantile Exchange (CME/CBOT), the July quotation for wheat was between 339 and 396 dollars/ton on the observed exchange days. At the same time, the September quotation of the crop on the Paris commodity exchange (Euronext/MATIF) dropped to 357 euros/ton.

Maize

According to the USDA’s June projection, the world could be 1,186 million tons in 2022/2023. annual corn crop. The consumption can be put at 1186 million tons, and the closing stock of the crop at 310 million tons. According to Tallage, corn crops in the main corn-producing member states of the European Union were in good condition at the beginning of June. Above-average temperatures in France and Germany encouraged rapid plant growth, supported by rainfall in Germany. In contrast, in Poland, Hungary, Bulgaria and Romania, soil water resources were low at the beginning of June.

In Hungary, according to AKI PÁIR data, fodder corn changed hands at an average producer price of HUF 111.4 thousand/ton in the third week of May. This price level is above the previous past 3 from previous previous. On June 24, the ISCC NUTS II sustainable fodder corn price on BÉT was HUF 115,000, November 120,000, and December 121,000 forints/ton. On the Chicago Mercantile Exchange, the front month quotation of corn was between 294-310 dollars/ton between June 13 and 24. At the same time, the August exchange rate of the crop on the Paris commodity exchange was in the range of 307-340 euros/ton.

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