Global: Durum wheat remains stable in trade, while soft wheat presents quality problems

Published 2023년 9월 29일

Tridge summary

The decline in corn and foreign soybeans continues, leading to uncertainty in the market. The market for soft wheat in Italy is experiencing a week of consolidation, with prices remaining almost unchanged. There is stability in European markets for durum wheat, with mills already covered for their needs and an offer from various origins to fill the deficit in European production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Meanwhile, the decline of corn does not stop and the declines in foreign soybeans also continue. Uncertainty remains regarding arrivals and transits of Ukrainian products Soft wheat, week of consolidation Italy The markets slow down the adjustment of prices finding a week of consolidation. The spread between the first 2 classes (strength grains and higher) and the remaining ones remains almost unchanged, with a slight adjustment only for Milan. Exchanges limited by the difficulty of identifying lots with homogeneous characteristics; The problem of milling specifications is exacerbated, especially for parameters such as W, P/L and absorption which bring bread-making products closer to biscuit makers. In the context of an adequate supply of EU and foreign replacements, the "Bologna 14 protein type" is confirmed at €325/t arrival, with the "superior" ones (class 2) at €272-275/t and the "mixed" bread-making products (class 3 ) around €240/t; items 4 and 5 at a significant discount on ...
Source: Terraevita

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