World: Several factors generate tension in cereals market

Published 2022년 4월 29일

Tridge summary

The article provides an overview of the current situation and future trends in the European and global soft wheat market, with a focus on Italy. It highlights the market's uncertainty due to geopolitical tensions, particularly the ongoing war in Ukraine, climatic conditions, and the euro / dollar exchange rate. Despite some recovery, prices remain high due to a variety of factors, including milling demand, improved agro-climatic conditions in Northern Europe, and the anticipation of new crop availability. The article also touches on the overall state of the agricultural sector in Europe and North America, noting differences in expected yields and production adjustments. It mentions that the market is well-maintained until the new harvest, with prices for various wheat types and origins specified. The future outlook is characterized by continued uncertainty and the potential for price volatility, influenced by factors such as the quality of the new crop, trade tensions, and weather conditions in key producing areas.

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

Original content

It is not just the war in Ukraine that continues to generate tension; now the climatic situation and the euro / dollar exchange rate also come into play Soft wheat, prices still at the highest levels Italy A week that after the reopening after the holidays begins to outline the market scenario for the last quarter of the campaign, with an adequate supply of wheat " superior "and local" strength "and growing dependence on European and foreign origins for" mixed "and lower class grains. The milling demand is present, but it operates discontinuous purchases as a reflection of a market that remains (geopolitically) still uncertain. The offer is there, but with the intention of placing the remaining stocks gradually, in the presence of a market it gives signs of recovery. The agro-climatic situation in the North improves, to the benefit of the new crop. With EU and foreign replacements required, the Bologna type is worth around 420-422 starting, the bread-making products around € 400 / ...

Source: Terraevita