Durum and soft wheat are stable, and corn is on the rise globally

Published Oct 25, 2024

Tridge summary

The article provides an overview of the current state of the agricultural market, focusing on the domestic soybean harvest and the upcoming EU rapeseed and sunflower harvest. It notes that humidity levels are high, and prices are rising. The trend of price stability is continued in the commodity exchanges due to adequate supply and uncertainties transferred to 2025. The local and intra-EU demand is slowing down, and European markets are consolidating. The execution of existing contracts is ongoing, and there is cautious interest in foreign origins. The article also discusses the impact of weather conditions on sowing, the execution of contracts from the Black Sea region and Canada, and the current prices for various grains and corn.

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

Original content

Meanwhile, the domestic soybean harvest is proceeding, with humidity values above average and price lists pointing upwards. Estimates for the EU rapeseed and sunflower harvest are worsening. Durum wheat, a week of price consolidation in Italy. The trend of price immobility on the commodity exchanges is confirmed in the absence of signs of change. The supply is present but is currently consolidating on last week's values due to little pressure from Community and foreign alternatives. The sector coverage is currently adequate and the uncertainties are transferred to 2025, with operators paying attention to the imminent sowing. Prices unchanged, with the national "Fino" trading around 340 euros/ton delivered destination and the less valuable "mercantile" at a discount of €20-40/t on the northern markets and €10-25/t in the south. European Sitagri index rising: plus €3/t; foreign markets unchanged. Europe Week characterized by slowdown in local and intra-EU demand with prices ...

Source: Terraevita