Global: Durum wheat, the response of the threshers eases tensions

Published 2024년 6월 21일

Tridge summary

The article provides an overview of the current situation and future expectations of corn, soybeans, and durum wheat markets in Europe and North America. It highlights the trend of falling prices for these crops, with the potential for further decreases due to abundant supply from various regions. The quality of the upcoming harvest is anticipated to be good, with average yields and grain quality reported from Italy and France, experiencing some challenges due to humidity. The article also mentions the impact of climate uncertainty and competition from the Black Sea region on market prices and trends. In particular, it notes the influence of Black Sea exports on the bearish trend in the markets, with competitive pricing influencing the fall in overseas stock markets and the physical market. Overall, the market situation is marked by uncertainty, with producers hesitant to sell and export competition affecting prices.

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

Original content

The current trend sees prices falling. Along the same lines is corn, for which the negative trend of recent weeks continues. Stop also for soybeans Durum wheat, good prospects for the new harvest Italy NQ Now from North to South the definitive (South) and projection (Centre-North) responses are awaited to define an initial market equilibrium which in all probability could settle on the levels at the end of the 2023/24 campaign, to then discount what are (to date) the excellent prospects for global volumes and quality. From South to North the yield/ha estimates return to the average, with confirmation of grain quality without particular problems and an excellent protein content in the South (low yields) and adequate in the North. Markets in the North are not quoting like last week, while in the South the reopening is currently in line with the latest prices at the beginning of June, but the pressure of European and foreign supply is increasing. Prices on Foggia which see the "Fino" ...

Source: Terraevita