The Agricultural Outlook is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations. It combines the commodity, policy and country expertise of both organisations with inputs from collaborating member countries and international organisations to provide an annual assessment of medium-term projections of national, regional and global agricultural commodity markets. The projections cover production, consumption, stocks, trade and prices for 25 products for the period 2014 to 2023. These projections constitute a plausible scenario of how global agriculture would develop under a certain set of assumptions about its main drivers, productivity, macroeconomic and population trends as well as agricultural and trade policy settings of countries around the world. Given the uncertainties which surround agricultural markets, the final section of the Overview discusses important assumptions affecting the future evolution of agricultural markets and the sensitivity of the baseline projections to selected conditioning factors.