World: An idle phase in durum wheat from November with a fixed price of 26 cents by the producer

Published 2024년 10월 29일

Tridge summary

The article provides an overview of the current situation and prices of Canadian and Turkish wheat in the international market. It highlights that Canadian wheat prices are expected to remain above €315 a ton CIF in Italy, supporting current price levels. Turkish wheat sales are also noted, with the country's strong trade relations with Russia, despite Russian efforts to combat commercial practices. The article also mentions the strong start of Canadian exports, which have seen a 38% increase compared to last year, and the concerns surrounding the availability of Turkish hard currency for exports. It also mentions the status of Canadian harvest transactions, which have resulted in a well-supplied market and stable prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Among the positives is the fact that the first quality in Canadian (CWAD) will reasonably remain above €315 a ton CIF in Italy, making it easier for prices to remain at current levels for several weeks. After all, the relative prices at the beginning of September were playing at 325 euros CIF, according to the Bologna list, while since then the producer price in Saskatchewan has fallen by 20 Canadian dollars per ton. These prices are fully harmonized with the average FOB export prices in Turkey, Greece and France. Spain still has stock, which it exports at a €5 per tonne discount to everyone else. Specifically, Turkey continues its sales at a rate of 9-9,500 metric tons and an average price of 298 dollars per US ton or 304 euros per metric ton, with the help of the strengthened exchange rate. It should be noted here that Turkey sells the real...its own quality wheat at a higher price of 320 euros per ton, but nobody buys it. Erdogan and Putin alliance and in the end Italy is happy ...
Source: GRAgronews

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