Spain: International nervousness causes significant drops in wheat

Published 2024년 6월 13일

Tridge summary

In the León market session, vetches and forages were priced at €125/t and €90/t respectively, with the province planting 11,000 hectares of fodder vetch expecting yields above the five-year average. Wheat prices dropped significantly due to international market nervousness, while barley trading paused awaiting new campaign prices. Corn prices fell by €2/t. Sheep prices increased in the suckling pig and kid categories due to low supply and seasonal demand, while beef prices remained stable except for a slight drop in U and R category males.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the León market session held this Wednesday, vetches and forages began to be priced at €125/t and €90/t respectively. In the province of León, 11,000 hectares of fodder vetch were planted this season. Yields are expected to be good, above the average of the last five years, and will be around 5,000 kg/ha. Significant drop in wheat due to the nervousness that has arisen in international markets, barley has stopped trading since it is expected to know the prices of the new campaign that will begin at the beginning of July; Corn is holding up better to market pressure and is down €2/t. New increase in sheep in the suckling pig and kid categories, with prices pressured by low supply and a seasonal increase in ...
Source: Campocyl

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