Global: An upward trend for durum wheat on European markets

Published 2023년 6월 16일

Tridge summary

The article provides an overview of the current situation and future projections for the agricultural market in Italy and Europe, with a focus on the impact of weather conditions and climatic evolution on crop yields and market dynamics. It highlights the suspension of commodity exchange quotations due to uncertainties about the harvest and the availability of products, as well as the effects of the Black Sea corridor agreements and the strengthening euro on EU exports. The article also mentions the quality concerns and price trends in the European markets, the potential recovery in the US and Canadian production areas, and the influence of the straw forage cereals sector on the market. Additionally, it touches on the market's reaction to the specific weight, vitreousness, and wholesomeness of the grain, the impact of fusariosis of the ear, and the effects of hard cheese in suitable areas of South-East France and Spain.

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

Original content

In Italy, however, the situation still remains wait-and-see, with eyes focused on the new harvest. The leap forward of soy should be recorded, sorghum did well Soft wheat, supportive effect of the uncertainties on the Black Sea "corridor" Italy Doubts and uncertainties due to recent climatic evolution are combined with the approaching start of the harvest and the significant drop the availability of products on the market. Pending confirmations, the Commodity Exchanges prefer to suspend quotations which nominally remain at last week's levels. Very limited exchanges due to lack of national product and operators cautious about selling the new crop before having evidence of yields/ha and grain quality. The offer of community products remains limited, with a prevalence of "any-origin" (Ukrainian) and North American foreign products. “Bologna type” strong grains made north at €290-295/t with bread-making products at a €15/t discount and any origin mixed grains between €245 and 255/t ...

Source: Terraevita