World: Durum wheat without variations, even the soft one consolidates

Published Sep 27, 2024

Tridge summary

The article provides an overview of the current situation and future outlook for the market prices of various cereal crops, including corn, barley, durum and soft wheat, in Italy and Europe. It highlights the effects of the pandemic on market stability and demand, with a focus on the quality and supply of durum wheat from Canada and the US, and its impact on export prices. The article also discusses the effect of logistical issues and sowing problems in Eurasia, drought in Russia and Ukraine, and the competition from foreign exports, particularly Moscow's steady exports at competitive prices. Additionally, it touches on the volatility in the corn market due to the increasing discriminatory factor between quality and generic corn, with the key factor being aflatoxin levels.

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

Original content

For corn, the pandemic depressive pressure partially subsides, flat calm for barley, foreign soybeans return to lively lists Durum wheat, stability prevails on the Italian markets Market scenario that stabilizes, even in the presence of a 2024 harvest lower than the historical one, but with good characteristics. The global panorama remains uncertain at the moment, but potentially adequate to satisfy the demand of our operators who remain cautious in taking a position. Italian commodity exchanges in the North that quote unchanged, while in the Center-South there are increases, with Macerata rising by €3/t for item 1 (best quality) and Foggia by €5/t to realign prices with the other national origins. Slow trading, with limited supply, waiting for the international panorama to clarify. The national durum wheat type "Fino" is worth €320/t arrival, with merchant ships discounting €10/t for the merchant voucher and €30/t for the merchant. Europe The last few weeks confirm the prices at ...

Source: Terraevita