This brief provides a first overview of the production costs, margins and incomes of EU farms specialised in cereal production based on the latest available data (to 2012) from the Farm Accountancy Data Network (FADN). Trends from 2004 to 2012 are provided for EU common wheat, durum wheat, grain maize and barley producers. This preliminary work will be followed by a detailed report, including tables at Member-State level and a projection of margins to 2014.