Global: Durum wheat, low prices and minimal trade

Published 2024년 9월 6일

Tridge summary

High volatility in corn prices as the market awaits coverage of the remaining deficit in Italy. Italian stock exchanges are experiencing a static situation with limited trading and uncertainty about the prices and quality of remaining supply. Availability of product for the market is confirmed, with intra-EU sales recorded. Quality issues and production shortfall in France are affecting prices in Europe. Despite concerns about the pandemic and potential reduction in demand, trade in Italy is limited to covering the very short term. The European Commission has reduced its 2024 harvest estimates due to yield reductions in Romania and Hungary, which may result in reduced intra-EU trade and community exports.

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

Original content

High volatility instead for corn prices, which after a "soft" start to the week has seen a clear recovery of the lists at a global level Durum wheat, caution prevails Italy Forced static situation on the Italian stock exchanges in a context of waiting, to understand from where and at what prices the remaining deficit of the campaign will be covered given a harvest close to 3.1 million/t. Trading limited to a minimum, with the supply not inclined to market the remainder and the mills wait-and-see and uncertain. The "any origin" availability is confirmed, but the specifications of EU and foreign grains are being evaluated. Prices substantially unchanged and aligned from South to North for national origin, with "Fino" confirmed at €315-320/t arrival and merchant grains at a discount of €10-15/t and €30-40/t. Europe The availability of product to be placed on the market is there and intra-EU sales are recorded, especially with destination Italy. The quality of French, Spanish and ...

Source: Terraevita