Durum wheat, another scissor cut on the price in the world

Published Jul 15, 2022

Tridge summary

The article provides an overview of the current situation of soft wheat prices in Italy and across Europe, with a focus on the impact of lower-than-expected yields, milling quality, and the influence of international factors such as weather conditions and production estimates from Canada and the USA. It highlights the effects of the drought in Italy and Northern Europe on corn prices and the market's reaction to these challenges. Additionally, the article discusses the market dynamics, including the influence of the strong dollar, and the strategies adopted by buyers in response to the high prices set earlier and the slow release of new harvest data. Overall, the article paint a picture of a volatile market influenced by a combination of local and global factors, with prices fluctuating and market participants closely monitoring for any signs of stability.

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

Original content

The Canadian offer also affects trade. The drought keeps the tender and corn lists lively, while among the oilseeds the soybean rises again Soft wheat, the lower-than-expected yields keep the prices sustained Italy Despite the international scenario showing signs of retreat, in the Italian squares the prices are holding, for a combination of situations such as yields / ha lower than expected and the milling quality still to be verified. The average quality of the harvest remains good, but is reported below 2021, with the covers of the mills proceeding slowly; the combination is reflected in the exchanges that see an adequate offer. With the attention paid to Europe, prices are slightly lower in Milan, while in Bologna everything is unchanged. The “Bologna-type” grains of strength are confirmed at 410-415 € / t starting with the second and third class which maintain the spread of 45 € / t and 55 € / t; Community aligned with domestic and foreign volatile but tending to decline. ...

Source: Terraevita