# Short-term outlook report: EU agricultural markets remain stable despite the Russian invasion of Ukraine - Agriculture and rural development

> The European Commission's short-term outlook says EU agricultural markets remain stable despite the Russian war in Ukraine, high energy prices and a hot summer that hurt maize, soybean and sunflower crops. EU cereal exports are forecast at 51 million tonnes, 6.5% above last season. Renewal of the Black Sea Grain Initiative is uncertain.

- Date: 2022-10-05 · published 2022-10-05T12:00:00.000Z
- Category: report · region EU · magnitude low
- Page: https://feedsoft.ai/events/39065-short-term-outlook-report-eu-agricultural-markets-remain-stable-despite-the
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Higher expected EU cereal exports add supply to world wheat and feed grain markets, but heat-damaged summer crops and the uncertain Black Sea deal keep price risk elevated.

## Read by commodity

- CORN: neutral
- WHEAT: neutral
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-10-09 | [Short-term outlook of agricultural markets: EU farmers keep up production in spite of adverse weather events - Agriculture and rural development](https://feedsoft.ai/events/33554-short-term-outlook-of-agricultural-markets-eu-farmers-keep-up-production-in.md) | +5.3% | +5.3% |
| WHEAT | 2024-02-22 | [Global wheat shipments withstood the shock of Russia’s invasion of Ukraine](https://feedsoft.ai/events/14326-global-wheat-shipments-withstood-the-shock-of-russia-s-invasion-of-ukraine.md) | -4.3% | -4.8% |
| WHEAT | 2025-01-03 | [Ukraine hits $24.5 billion in agro-exports, nearing pre-war levels, Agriculture Ministry reports](https://feedsoft.ai/events/14241-ukraine-hits-24-5-billion-in-agro-exports-nearing-pre-war-levels-agriculture.md) | -1.9% | +2.0% |
| WHEAT | 2021-03-09 | [U.S. Department of Agriculture kicks can down the road on domestic stocks in March WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/48070-u-s-department-of-agriculture-kicks-can-down-the-road-on-domestic-stocks-in.md) | -0.2% | -0.4% |
| WHEAT | 2024-02-10 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/31635-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | -4.8% | -1.5% |
| CORN | 2023-10-09 | [Short-term outlook of agricultural markets: EU farmers keep up production in spite of adverse weather events - Agriculture and rural development](https://feedsoft.ai/events/33554-short-term-outlook-of-agricultural-markets-eu-farmers-keep-up-production-in.md) | -0.2% | -3.4% |
| CORN | 2018-05-16 | [Jim Hilker: Market Outlook - May 2018 - Department of Agricultural, Food, and Resource Economics](https://feedsoft.ai/events/64880-jim-hilker-market-outlook-may-2018-department-of-agricultural-food-and-resource.md) | +0.3% | -4.4% |
| CORN | 2019-09-03 | [Long-Term U.S. Agricultural Outlook Affected Broadly by Uncertainty of China’s Markets \| Economic Research Service](https://feedsoft.ai/events/56957-long-term-u-s-agricultural-outlook-affected-broadly-by-uncertainty-of-china-s.md) | -6.0% | +1.2% |

## Sources

- agriculture.ec.europa.eu: https://agriculture.ec.europa.eu/media/news/short-term-outlook-report-eu-agricultural-markets-remain-stable-despite-russian-invasion-ukraine-2022-10-05_en

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