Italy: Corn is stable, and soybeans are growing for the next sowings

Published Feb 28, 2024

Tridge summary

The 2023 agricultural season has seen a resurgence in spring-summer arable crops due to favorable weather, following a poor 2022 season. Despite a significant drop in agricultural commodity prices from their 2022 highs, a survey by L'Informatore Agrario reveals a positive outlook among over 10,000 arable crop operators. Predictions for the upcoming season include a significant increase in soy cultivation, stable corn cultivation, and a bullish trend for other crops such as fodder, sugar beet, potatoes, and tomatoes, despite the ongoing uncertainty in the geopolitical landscape impacting international trade.

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

Original content

The 2023 campaign gave new life to spring-summer arable crops, thanks to a meteorological trend that overall favored production, after the disastrous performance of the previous year. On the other hand, in recent months the prices of agricultural commodities have positioned themselves at levels very far from the highs of 2022 and the geopolitical framework, which remains very uncertain, heavily influences international flows of goods. While the economic difficulties of agriculture lead to the "tractor protest", it is time to think about the upcoming campaign. To explore the orientations regarding the next sowings, L'Informatore Agrario carried out research by interviewing a panel of over 10,000 operators profiled for the "arable crops" area of interest. The survey was administered as an anonymous web survey in the period 20 December 2023 - 12 February 2024. The interviews revealed a generally positive sentiment towards spring crops (graph 4), which would confirm the trend reversal ...

Source: InformateAgrario