The bullish global trend stops, but a great uncertainty remains in cereals
Published May 28, 2022
Tridge summary
There are three issues at stake: the evolution of the war in Ukraine, the climatic trend, and the reliability of estimates on new crops soft wheat, after weeks of growth, the price rush slows down Italy. There are signs of a decline in prices after weeks of substantial holding and strengthening.
Original content
There are three issues at stake: the evolution of the war in Ukraine, the climatic trend and the reliability of estimates on new crops Soft wheat, after weeks of growth, the price rush slows down Italy There are signs of a decline in prices after weeks of substantial holding and strengthening. The ready-made supply is reduced, but the good quality prospects of the new national harvest are quoted and the wish for a gradual return of the supply from the Black Sea origins. , an adequate level of coverage in the short term which effectively balances prices. The new harvest will be defined in terms of quantity and quality only after harvesting, but the dry winter climate has already reduced the tillering and the number of grains in the ear; to date no evidence of a health problem. The "Bologna type" stable at 435 € / t starting, the bread-making at 410 € / t and the "mixed" ones at 406 € / t; Stronger communities in decline and communities in slight decline in price. Europe Concerns ...
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