Italy: Durum wheat, doubts about quality keep price lists in check

Published Jul 7, 2023

Tridge summary

The soybean market is gaining ground again while the corn market continues to decline. The wheat market in Italy is facing uncertainty due to variable product specifications and delayed harvesting. The global market for wheat is weak, with prices declining and consumption stagnating despite the reopening of purchase auctions in North Africa.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the meantime, the swing of soybeans continues and starts to gain ground again. Corn continues to decline in all markets Soft wheat, exchanges hampered by qualitative uncertainty Italy The news of the week is the start of quotations on the Bologna market after Milan had quoted classes 4 and 5. The harvest is proceeding in the north while in the center the climatic conditions delay threshing, putting at risk the product and rheological specifications which already vary from area to area. Very heterogeneous yields/ha and grain characteristics with lighter specific weights and lower protein content than in 2022. Demand is well present but exchanges hampered by the qualitative uncertainty that requires analyzes and tests. Availability linked to the delay in harvesting and prices that for the “Bologna 14 protein type” start at €285/t departure with significant discounts for bread-making and “mixed” products (11% protein) on €240/t departure; declining bread-making communities with ...
Source: Terraevita

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