The 2nd meeting of the High Level Steering Board (HLSB) of the European Innovation Partnership (EIP) "Agricultural Productivity and Sustainability" has taken place in Brussels today (Thursday July 11).
World total cereal production is forecast to increase by about 7 percent in 2013 compared to last year, helping to replenish global inventories and raise expectations for more stable markets in 2013/14.
One needle to deflate prices again would be a change for cooler in the US weather outlook, whose turn hotter has been the driving force behind the rally which has driven corn prices up 4.0%, soybean prices up 3.9%, and wheat prices up 2.8%
The European Parliament, the EU Council of Ministers and the European Commission have reached an agreement on reforming the common agricultural policy (CAP) post 2013.
