Spain: Third consecutive week in the red, with wheat and barley between repetitions and declines in national markets

Published 2024년 11월 15일

Tridge summary

The article reports a third consecutive week of price drops in both national and international agricultural markets, with the European market leading the downturn. The decline is attributed to the steady corn harvest in the northern part of the country and the strong dollar, which has increased pressure on Chicago prices. The appointment of Lee Zeldin as the head of the EPA by Donald Trump has sparked uncertainty in the ethanol and biodiesel industry, further impacting market stability. While wheat markets are experiencing repetitions in prices, corn prices are relatively stable, with only the Salamanca market showing significant decline.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data compiled by Abastores, national and international markets have been in the red for the third consecutive week. National markets have maintained their downward trend for the third consecutive week. The absence of news on the international scene has brought some calm back to the market. With good availability of goods in warehouses and a constant advance of the corn harvest in the north of the country, prices continue to fall. In the case of wheat, there are repetitions in markets such as those in Albacete, Barcelona and Seville, while the León market registered a fall of -2€/ton. On the other hand, corn has remained relatively stable, except in the Salamanca market, where it has experienced a fall of -4€/ton, reflecting the losses of the previous week. THE EUROPEAN MARKET The European market is under downward pressure, affected by the trend observed globally since the beginning of the week. The euro against the dollar continues to provide some support, hitting a ...

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