# MARS with first yield forecast 2023 market report

> The EU Commission's MARS unit published its first 2023 yield forecast, projecting an average EU grain yield of 5.6 t/ha, up 2% from last year, with wheat at 5.77 t/ha (+4%). Forecasts vary by member state, with Portugal hit hard by drought (-15% for wheat) and several large producers such as France and Spain slightly below average.

- Date: 2023-03-20 · published 2023-03-20T12:00:00.000Z
- Category: report · region EU · magnitude low
- Page: https://feedsoft.ai/events/36791-mars-with-first-yield-forecast-2023-market-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Improving EU yield expectations point to a larger supply of wheat and barley, which is bearish for feed grain prices, while drought in Iberia is a localized risk that could limit that outlook.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-08-29 | [Arable Market Report − 29 August 2023 \| AHDB](https://feedsoft.ai/events/34637-arable-market-report-29-august-2023-ahdb.md) | -0.5% | +0.9% |
| WHEAT | 2025-08-26 | [MARS raises EU soft wheat yield forecast to 6.15 t/ha](https://feedsoft.ai/events/23267-mars-raises-eu-soft-wheat-yield-forecast-to-6-15-t-ha.md) | +0.4% | -1.2% |
| WHEAT | 2021-12-13 | [Market Report - 13 December 2021 \| AHDB](https://feedsoft.ai/events/9259-market-report-13-december-2021-ahdb.md) | -6.0% | +1.3% |
| WHEAT | 2022-06-20 | [Arable Market Report - 20 June 2022 \| AHDB](https://feedsoft.ai/events/12697-arable-market-report-20-june-2022-ahdb.md) | -2.9% | -14.0% |
| WHEAT | 2024-07-15 | [Arable Market Report – 15 July 2024 \| AHDB](https://feedsoft.ai/events/9372-arable-market-report-15-july-2024-ahdb.md) | -3.2% | -2.3% |
| CORN | 2022-01-17 | [Market Report - 17 January 2022 \| AHDB](https://feedsoft.ai/events/7369-market-report-17-january-2022-ahdb.md) | -0.5% | +6.0% |
| CORN | 2021-11-29 | [Market Report - 29 November 2021 \| AHDB](https://feedsoft.ai/events/12236-market-report-29-november-2021-ahdb.md) | -3.0% | +0.6% |
| CORN | 2021-12-13 | [Market Report - 13 December 2021 \| AHDB](https://feedsoft.ai/events/9259-market-report-13-december-2021-ahdb.md) | -0.1% | +0.8% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/market-report-mars-first-yield-forecast-2023-2023-03-20

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.