Italy: Barley and sorghum stable, soybeans light up

Published 2024년 10월 28일

Tridge summary

The article reports on the current trends in the fodder cereal and livestock raw material market, as of the fourth week of October, focusing on Bologna and Milan markets. It highlights stable prices for national and EU barley, soft wheat, and sorghum, with slight increases in domestic soybeans due to slow harvest because of bad weather. There's a rise in soybean meal prices, influenced by international trends, while rapeseed meal prices increase due to concerns about a reduced European harvest. Wheat prices for livestock use in Bologna slightly decrease, and sunflower meal prices show a decline in protein content but stability in wholemeal. The article also mentions a slight increase in domestic soybean prices and a stable foreign soybean price in Milan, alongside a decrease in soybean futures on the Chicago Stock Exchange. Furthermore, it notes an increase in rapeseed meal prices, influenced by the reduction in European production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Bmti surveys, soft wheat is falling in Bologna. Among protein products, rapeseed meal is increasing, while whole sunflower is stable In the fourth week of October, the fodder cereal sector is showing stability, with national and EU barley, soft wheat and sorghum confirming the values of the previous week. Domestic soybeans are recording a slight increase, with the harvest proceeding slowly due to bad weather, while the foreign product remains stable. Soybean meal is rising, in contrast to the decline in international prices. Rapeseed meal continues its weekly growth, supported by concerns about the reduced European harvest. According to the Coceral report from last September, rapeseed production in Europe is estimated at around 17 million tonnes, down 14.5% compared to 2023. For sunflower meal, protein meal is showing a decline compared to the previous week, while wholemeal meal remains stable. National barley confirms its position In the feed grain sector, the market ...
Source: Terraevita

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