This summary report is based on the outcome of a study carried out by the AGMEMOD Partnership under the management of the Agricultural Economics Research Institute (LEI, in the Netherlands), in cooperation with the Joint Research Centre – Institute for Prospective Technological Studies (JRC-IPTS) to generate projections for the main agricultural commodity markets for each year from 2005 until 2015. The report gives a general overview of the modelling approach, the description and implementation of the baseline, further CAP reform and exchange rate change scenarios. It outlines the main results for the aggregates EU-10, EU-15, EU-25 and EU-27, focusing in particular on the features implemented in this study, and addresses issues that need further attention. Detailed documentation on the AGMEMOD modelling approach, along with the outcome of the study, is published in five reports in the JRC-IPTS technical paper series under the heading "Impact analysis of Common Agricultural Policy reform on the main agricultural commodities".