Durum wheat at a standstill in the world, Europe, and Italy awaiting confirmation from the new campaign

Published 2023년 3월 10일

Tridge summary

The article provides an overview of the current situation and future outlook for the global agricultural markets, with a focus on cereals and bread-making products. It highlights the recent downturn in prices, which has been attributed to adequate supply and weak consumption, despite geopolitical and energy uncertainties. The return of South America to the corn and soybean markets is noted, and the uncertainty surrounding Italy's soft wheat is mentioned. The article also discusses the impact of climatic conditions on the new harvest and the potential effects of future purchase auctions in North Africa and the return of the North American offer in late April. Additionally, it touches on the anticipated sowing intentions in the USA and the impact of foreign competition on prices, with specific mention of corn.

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

Original content

A generalized downward trend involves other cereals instead. The return of South America is felt on corn, soybeans still on standby Soft wheat leaves uncertainties behind Italy Markets are witnessing a sharp downward revision of prices, which seems to dismiss geopolitical, energy, etc. doubts and uncertainties . of the recent past to leave room for a return of the markets (availability and prices) to the average, with the synergy of consumption remaining weak and weighing down the prospects. Adequate availability of national strength grains and, extending to Europe and third countries, also of bread-making products. The new harvest proceeds on average despite the climatic uncertainty in the North to be monitored. Exchanges that drop from 10 to 15 euros/ton on all items, with "Bologna-type" wheat arriving in the North falling to 375-385 €/t, with superior bread-making products below 340 €/t and "mixed" grains close to €300/t; Declining Community "base" and strength, stable North ...

Source: Terraevita