Italy: Durum wheat, global settlement tests

Published Mar 31, 2023

Tridge summary

The article provides an overview of the current situation and future expectations of the wheat and maize markets in Europe and globally. It reports a decline in wheat prices in the Italian market, influenced by low local demand and the community offer. The recovery in maize prices is also noted, with support from reassuring agro-weather conditions and a favorable euro/dollar exchange rate. The impact of competition from the Black Sea region and the effect of water shortage in the USA on wheat prices are mentioned. Additionally, the article discusses the market stagnation in the EU, the anticipated 2023 harvest prospects, and the strategic pricing strategies adopted by holders to capitalize on the quality of their products. The cautious domestic demand for corn in Italy and the process of prices converging between Granaria Milano and Ager Bologna are also highlighted.

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

Original content

While a downward trend continues in Italy, the decline has stopped internationally. Soft wheat regains share in Europe, maize recovers Soft wheat, prices drop again in national markets Italy During the week there are further decreases both in Milan (-10 €/t), which shares less than Bologna but also has a more heterogeneous quality , and Bologna (-2 €/t), with a first attempt to consolidate the market on "post confirmation of the corridor" levels and in the light of the positive European climatic trend so far. The price was depressed by a low-pressure local demand aimed at covering the very ready until prices stabilised. The pressure of the Community offer is felt and cushions the effect of the decrease in the availability of Italian origin. “Bologna-type” wheat made North is worth around €340/t, with superior bread-making under €320/t and “mixed” wheat at €275-280/t (specific basis); community bread-making weak and strong weak and "spring" unchanged. Europe The supporting news ...

Source: Terraevita