Spain: Wheat and barley prices rise and maintain their upward trend

Published 2024년 9월 27일

Tridge summary

The national and international market for wheat and barley is experiencing stability and slight increases, with some areas seeing up to a 1 euro per tonne rise. The need to free up warehouse space for new corn harvest in northern regions is encouraging sales. In the United States, Chicago markets have seen firmness and increases in all products, driven by investment funds and weather concerns. In Europe, wheat is of focus due to dry conditions in central Russia, but the lack of competitiveness of Western European wheat in the export market is limiting price advances on Euronext.

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

Original content

Firmness in the national and international market with increases in wheat and barley. According to the data compiled by Abastores, the national markets have maintained their upward trend, with the positive momentum of the international market also being added this week. At the national level, the cereal market started the week with a slight upturn and remained stable until mid-week. On Thursday, however, the markets again reflected an increase, accompanying the international dynamic with increases of up to 1 euro per tonne. Markets such as those in León and Albacete registered increases of +2 €/Tm for both wheat and barley. In the northern regions, the need to free up space in warehouses for the new corn harvest is encouraging sales, although prices still need to recover further to persuade farmers to liquidate their stocks.

Source: Agroinformacion