The North American campaign pushes the price down for durum wheat

Published 2022년 9월 2일

Tridge summary

Uncertainty about short-term prices as demand for grain remains strong despite economic recession concerns. Prices in Italy have increased, with quality reporting slight drops. Europe's production is below average, leading to slowing supply as prices rise and livestock demand increases. Quality remains generally good, but specific weights and protein content are slightly lower than previous years. North America is expected to return to high yields, despite concerns about demand. The Southern Hemisphere's harvest will impact future supply-demand dynamics. Russia's production is large, while the return of Ukrainian exports is uncertain. Prices are falling as demand slows due to existing hedges and competitive pricing from international sellers. The tendency in Europe is to replace corn with straw cereals.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

However, uncertainty on the evolution of prices in the short term is growing. The tender, on the other hand, is appreciated, even forage grows Soft wheat, wait-and-see offer and moderate exchanges Italy The moment of appreciation in our squares continues on the wave of news that sees transversal demand from the livestock sector and prospects for use (food and feed) well held. The offer becomes more wait-and-see in the face of a demand that, despite the uncertainties of the recession, is expected to be confirmed, albeit with greater pressure on bread-making grains, as well as strength. Moderate exchanges with user coverage that is reduced, pending greater clarity on the evolution of prices. In Milan, price increases of 3-5 € / t and on Bologna of 3-4 € / t for a "Bologna-type" wheat priced at € 433 / t, with higher bread-making products at € 394 / t and "mixed" ones at € 385 / t; Community bread-making up by 3-5 € / t and stable “spring” foreigners. Europe Field responses speak of ...
Source: Terraevita

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