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Durum wheat in Italy, a good understanding between supply and demand

Published Aug 5, 2022

Tridge summary

The article provides an overview of the current situation of the soft corn and wheat markets in Italy and Europe, highlighting the need for both buying and selling due to the arrival of foreign products and the need to cover short-term needs. It mentions the pressure on mixed products due to horizontal interest from feed and the potential impact of greater prospective availability from abroad. The article also discusses the ongoing harvest in Europe, which is nearing completion, and the logistical challenges caused by low river levels and shipping channels. Additionally, it covers the situation in the Black Sea and the impact of Sino-American tensions on US trade prospects. Finally, it provides information on the quality and yield of the crop in North America and the factors influencing the market, such as weather conditions and the impact of the EU alternatives.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

There is both the need to sell before the arrival of foreign products and to buy. Tensions on soft corn are lessened, drought defeated Soft wheat, logistics becomes an unknown Italy Close to the summer break, markets are consolidating on slightly higher values for the items of bread-making, with almost unchanged grains of strength. The pressure is felt on mixed products due to the horizontal interest of feed, while the news of greater prospective availability from abroad weighs heavily on the grains of strength. Exchanges without particular tensions with adequate supply to cover short-term needs of transformers. Logistics is beginning to be an unknown factor to be monitored. The grains of strength "Bologna type" are worth about 420-430 € / t, with the second item at a discount of 40-42 € / t. The "mixed" on 363-370 € / t; Community up to € 3 / t and foreign "spring" on 445 departure port. Europe A harvest that is nearing completion in many areas and quality that on average is more ...
Source: Terraevita
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