Tridge summary
The text discusses the drop in prices of cereals due to the quality of the harvest and negotiations on the reopening of the "corridor" on the Black Sea. There is a consolidation of the trend towards wider price spreads between grains with superior characteristics and lower-quality grains. The global market is also affected by factors such as drought conditions in Canada and the competitiveness of Russian exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The drop in prices comes from the quality harvested. Price lists of cereals cooled also due to the negotiations on the reopening of the "corridor" on the Black Sea Soft wheat, due to the superior qualities, prospects for increases Italy The trend towards widening the spreads between grains with superior characteristics and class 3 grains is consolidating on the markets 4. The evidence of an Italian production with low specific weights and patchy qualities intersects with the wide range of bread-making and generic wheats from Europe. For grains of strength and above the outlook remains for further strengthening in the coming weeks. Exchanges at a good level and maximum attention to the specifications negotiated and delivered. The “Bologna 14 protein type” at €305-308/t (+€5/t) starting with the “special” at €265-270/t and the “mixed” unchanged at €250/t; items 4 and 5 are quoted at €210-220/t starting. There was a slight decline in EU bread-making products with "springs" (-10€/t) ...
Source: Terraevita
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