Global: Durum wheat awakens from the hibernation of recent weeks

The estimates of autumn sowing have an impact on the price lists, confirming a decline in surfaces. Reductions for corn, the rise of soybeans also stops Durum wheat, eyes focused on foreign markets Italy For durum wheat, compared to last week, there are discordant signals between the North, unchanged, and the Centre-South, which shows signs of recovery after a long period of static demand and waiting for supply. The news from the purchase auctions in the southern Mediterranean and the autumn sowing estimates which confirm a decline in surfaces weigh on sentiment. Despite the huge arrivals of foreign products, our markets are once again looking abroad, where prices for milling quality remain proportionately higher. The milling sector maintains an adequate level of coverage, while resales are returning (also for exports?). Upon reopening, the hard "Fino" is worth around €385-395/t delivered to the mill, with the merchant ships at a discount of €30-65/t in the Centre-North and ...