Blurry landscape in the global wheat market

Inaction also creates the feeling of price correction, without anything being confirmed yet. Let's keep in mind that the mills have covered their immediate needs and the period of panic that prevailed until the beginning of August is probably over. Regarding the new producer prices, what is certain is that there will be a wide range of prices depending on the quality. In durum wheat, we will probably have a new price list in Foggia next week, so we are sticking to the last one. Specifically, for quality wheat with a specific weight of 78 kg/hl, vitreous 70% and protein 12%, the merchant warehouse price is negotiated at 455-460 euros per ton and for the second quality at 445-450 euros per ton. Italian mills, fearing uncertainty in Canada, according to market sources, covered part of their needs with crude from Turkey which was cheaper and of higher quality. Looking ahead, what will naturally drive the market will be Canadian production. There have been many opinions and estimates ...