The Commodity Exchanges reopen in Italy with increases for foreign soybeans and soft wheat forage

Published 2022년 8월 29일

Tridge summary

The article highlights a surge in prices for animal feed raw materials, including soft grain forage and soy, following the reopening of national commodity exchanges after the summer break. The strengthening of the dollar against the euro has played a significant role in this increase. Soybean prices have seen a double-digit rise both in Milan and Chicago, reaching € 670-700 / t and 595 € / t respectively. There has also been an increase in the prices of barley, soft wheat, and protein flours such as soybean meal, sunflower flour, and rapeseed flour. These trends are attributed to the higher prices of foreign soybeans and concerns over the potential impact of drought on rapeseed production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The BMTI surveys show generalized increases for the entire zootechnical diet. Barley stands at + 43% compared to 2021 The reopening of the national commodity exchanges after the summer break highlighted an increase in the prices of soft grain forage and, above all, of soy from abroad, among the raw materials used for animal feed, supported in particular by the strengthening of the dollar against to the euro. Slight increase, although limited to the Bologna square, also for barley. Among the forage cereals, the first prices of the new vintage for sorghum were recorded, close to 360 € / t, down 4% compared to the last price of the 2021/2022 year, but 47% higher than to a year ago. After the falls in the week of August, on the main foreign commodity exchanges, the trend was up for both corn and soybeans. Soy grows in double digits Among oilseeds, double-digit increases were recorded for soybeans of foreign origin listed on the lists of the main commodity exchanges. In Milan, prices ...
Source: Terraevita

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