Italy: Durum wheat is recovering, soft wheat is also doing well

Published 2024년 10월 11일

Tridge summary

The Italian cereal market is experiencing a bullish phase, with prices for Durum wheat, Fino, and soft wheat on the rise due to a national deficit and commercial decisions from non-EU countries. The increase in prices is also influenced by lower local and holder supply, delays in foreign deliveries, and the logistics aspect. Europe remains a buyer, leading to supply retention in Greece and Spain, the most competitive price origins. Meanwhile, North American supply is causing more caution due to lower quality and volumes. In Russia and Ukraine, supply is pushing to seize the favorable moment, with Russian prices remaining the most competitive. Corn with characteristics is also seeing non-stop increases in Italy, bringing the quality spread to €25/t.

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

Original content

The bullish phase continues in the cereal sector. Excellent performance also for corn with characteristics, which is appreciated on all national markets Durum wheat, the rise continues Italy The increases for the "Fino" do not stop on the main markets, with merchant grains unchanged to increase the price gap between the two product classes. The mills remain in the purchase, both of national and community and foreign products, to cover the needs of a year that sees an Italian deficit of around 2.5 million/t (partly already covered in recent months) and that in recent weeks looks at the commercial decisions of non-EU countries to outline the scenario of the second half of the campaign. The Fino center on Bologna is worth over €330/t (plus 3), with the Marche and Foggia starting at €325/t (plus 3). Merchant grains that in the North discount around €20/t for the merchant grain and €40/t for the merchant grain. In the South, a minus €10/t and minus €20/t were recorded respectively. ...

Source: Terraevita