EU: Wheat, prices are falling

Published 2022년 7월 8일

Tridge summary

The article provides an overview of the current situation of wheat yields and prices in the European and global markets. It highlights a drop in yields and quality of the 2022 harvest compared to 2021, with slow demand and cautious position-taking by mills and buyers in the face of market volatility. The market is influenced by various factors such as weather conditions, sowing estimates in Canada and the US, revised duty on Russian exports, and the partial reopening of maritime exports from Russian Black Sea ports. The article also mentions local consumption and production estimates in Europe and Spain, with the Spanish 'type Fino' having a lower price in the South compared to the Center-North. Overall, the global market is experiencing declines, with prices affecting local commodity exchanges and trade, and concerns about the evolution of prices due to uncertainties in the market.

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

Original content

A significant drop in wheat yields is confirmed. In the South, the values of hard products fluctuate around € 560 / t. Qualitative uncertainty for soft wheat, quality below 2021 and slow demand Italy The second session of the stock exchanges after the reopening of the prices sees further declines, following a present but not pressing demand and a commercial context with more supply from the Europe and with bearish influence from the rest of the world. The grains of strength, which are supported by the qualitative uncertainty of the European correspondents, keep the prices unchanged; the other classes (white and "mixed") yield a 4-6 € / t. In general, the quality of the 2022 harvest is lower than 2021 and uneven from area to area, but on average with adequate specific "milling" and good protein content. Mills and buyers cautious in taking a position in a declining market. The "Bologna type" grains are always worth € 410-415 / t starting, with the second and third class at a ...

Source: Terraevita