Italy: Prices for cereals, fodder, and oil crops slow down the race

Published 2022년 6월 3일

Tridge summary

The article provides an overview of the current situation and future expectations of the wheat market, with a focus on Europe and the American continent. It highlights the impact of rainfall on agricultural activities and market dynamics. In Europe, the market is facing uncertainty regarding the upcoming harvest and prices, with a need to consolidate and maintain demand. The climate conditions and production estimates are positive, and negotiations are underway to move stocks from the Black Sea. In contrast, local trading activity is limited due to high prices. In Spain and Greece, the weather is favorable for threshing, and the expected harvest is around 7.6 million/t with non-EU imports. In the USA and Canada, sowing has been delayed but the key factors will be the confirmation of sowing areas and the climatic trend to support vegetative recovery and harvest. Overall, the market remains uncertain with minimal stocks and strong local demand, while climate conditions and production trends are closely monitored to impact prices and market dynamics.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The arrival of rains in Europe and the American continent caused a sigh of relief. Eyes on partial executions from the Black Sea Soft wheat, Italy is sailing on sight Italy The market lives for the day with the unknown of how the new campaign will be (from July onwards) based on global news and an agronomic situation in field that proceeds smoothly. The price level is high and the exchanges are limited to ready-to-go, with the usual hedges on July-December postponed pending the consolidation of a more certain commercial framework in the supplier countries: Black Sea and Central Europe in primis. There is demand, but it buys gradually over the short term, reducing the level of coverage; the offer holds positions pending the first responses from the fields and the qualitative-quantitative scenario that will be outlined. The climate so far favorable and the absence of diseases support the estimates of a substantially good 2022 harvest. The "Bologna type" is worth 435 € / t starting, ...

Source: Terraevita