Italy: Durum wheat is still at a standstill, soft wheat continues to rise

Published 2024년 12월 20일

Tridge summary

The article provides an overview of the current situation and future trends in the European and global wheat and corn markets. It highlights the stable performance of wheat and corn in Italy and France, with a slight decrease in sowing areas in France. The market is experiencing stable prices, influenced by the availability of foreign origins and the upcoming harvest. The market's heaviness is exacerbated by lower demand from traditional buyers in the Mediterranean due to uncertainties in the Black Sea region. The strengthening US dollar also impacts demand. In Italy, the spread between strong and bread-making wheats is decreasing due to reduced availability. Meanwhile, corn prices in Italy are on a constant rise. The article also mentions the impact of climatic conditions on sowing and the demand from ports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Corn also performed well, recording another week of growth. Among fodder crops, barley increased, while soy was in a depressive phase. Durum wheat, trade did not take off Italy For weeks, prices of national origin remained almost unchanged, with little trade and stability on the markets despite the available volume being reduced. Foreign origins have so far limited any increase. The new harvest is reported in the South earlier (in terms of growth) than the historical average and this introduces the risk of frost. In the absence of signs of change, the national “Fino” in the North remains at €325-335/t, arriving with merchant ships at €270-300/t and the foreign alternatives (Canadian) are indicated at almost aligned prices. Europe Few and imperceptible price variations on the community markets. From France, the first official data on sowing indicate a slight drop in the surface area to 206,000 hectares (minus 2%), while the state of the crops remains positive. On the trade front, ...
Source: Terraevita

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.