Italy: Durum wheat in free fall, soft wheat stabilizes

Published 2023년 4월 7일

Tridge summary

The article provides an overview of the current situation and future trends in the Italian and global agricultural market, with a focus on the pricing and supply of various grains, including wheat and corn. It highlights the recent decrease in prices in Italy and France, in line with the holiday season and European market trends. The article also discusses the impact of new sowing and production estimates, currency trends, and climate uncertainty on Community prices. It mentions the effect of the USDA post report on US grain production and prices, and the market's reaction to these factors. Additionally, it touches on the market's wait for the Easter rains in Italy and the potential of the 2023 harvest to surpass 8 million tons, assuming new rains in April. The article also briefly discusses the quality and pricing of different wheat types in Italy and France, and the market's anticipation of the new harvest and its expected price increase, with some risk of retention if crop costs approach break-even levels. Overall, the article provides a comprehensive view of the current state and future directions of the agricultural market, including concerns about climate uncertainty, potential delays in planting, and the influence of various factors on prices and production.

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

Original content

The decreases also reach double figures in Milan (-20 €/t) and Foggia (-30 €/t). Soy recovers, corn prices balance Soft wheat, trades still oriented towards the short term Italy The evolution of prices and the market seem oriented towards finding a moment of adjustment close to the holidays. The recent declines have brought our markets into line with those of Europe both for bread-making grains and for strong grains (where supply from central Europe remains). Exchanges remain oriented towards the short term, with inventories held by users decreasing; this factor is a guarantee of a constant (cautious) demand which consolidates the quotations on last week's levels. Waiting for the Easter rains to ensure the regular growth rate of the new crop, which is currently in good condition. “Bologna-type” wheat made North is worth around €335-340/t with superior bread-making under €310/t and “mixed” wheat at €270-280/t (specific basis); Community (bake-making unchanged) strength minus 5 €/t ...

Source: Terraevita