World: Cereals, markets in wait-and-see positions for the Russian-Ukrainian conflict

There are rumors of an unblocking of the Black Sea ports, but everything is still standing. Meanwhile, Northern Italy has to deal with drought Soft wheat, yields lower than 2021 Italy The market takes a break close to threshing, suspending prices. Reduced exchanges pending better identification of the characteristics and volumes of the new crop, which has already registered the first cuts with average product and milling characteristics, with good protein content. The prices will certainly have a leap of the countryside, but with a reduced amount to reflect the current market prospects and to cover the higher cultivation costs; the yields / ha are estimated to be 10-15% lower than the values achieved in 2021. The uncertainty on replacements from the Black Sea and a limited availability of product on the very ready are still disturbing national markets, but at the moment there are no particular tensions between supply and demand. With the non-listed "national", there is a drop in ...