Spain: Pessimism continues in the cereal markets with falls of between 10 and 14 euros in the León market

Published 2023년 3월 15일

Tridge summary

The agricultural market is currently facing a slowdown due to uncertainty and pessimism, with sellers reluctant to incur losses. The Lonja de León market saw significant drops in winter cereals, with corn experiencing only moderate losses. Internationally, cereal markets have seen upturns due to the extension of the Ukrainian grain export agreement, but factors such as falling oil prices and the US banking crisis have also contributed to the decline. Meanwhile, the price of potatoes is on the rise as the new potato campaign approaches. You can find more detailed information about the agricultural prices and variations on the Lonja de León website.

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

Original content

Pessimism continues to be established in the national markets and purchases are slowing down while waiting for new opportunities, although sellers are not willing to face losses for the moment either. Thus, in the session of the Lonja de León held this Wednesday the 15th in Santa María del Páramo, more than significant drops of between 10 and 14 euros per ton for all winter cereals. Only corn has moderated losses with €5/MT. At the international level, on the contrary, the week began with upturns in the cereal markets influenced by the disappointment that the agreement for the export of grain from Ukraine will only be extended by 60 days, which adds uncertainty. The drop in oil and the banking crisis in the United States are not helping either and have a negative influence on the decline in part of this rebound, so it is to be expected that this idea that pessimism continues will continue for a while. On the contrary, the rise in the price of potatoes continues, although there is ...

Source: Agroinformacion