Durum wheat in Italy: You sail by sight and it's flat calm in the squares

Durum Wheat

Soybean

Published Apr 22, 2023

Tridge summary

The downward trend is driven by foreign competition and lower-than-expected processed volumes. Limited trade also for soft wheat, corn down Soft wheat, supply still prevails over demand Italy The price of national staple grains continues to fall (minus €4/t for Milan and minus €8/t for Bologna) which maintain an adequate level of supply; less available mixed homegrown.

Original content

Exchanges that remain linked to the short term in a grinding context that remains below the average for the period. The arrival of rains in the north has benefited the crops which are currently in an excellent vegetative state. Pressure from EU and foreign "replacements". “Bologna-type” wheat made north is worth €322-330/t, with higher bread-making products at €305/t and “mixed” wheat at €268-278/t (specific basis); community bread-making crops, unchanged strength grains and "spring" -5 €/t. Europe The discussion on arrivals of Ukrainian products by land in Poland and Romania holds the table; arrivals that have a depressive effect on local prices in those areas with effects also in the rest of Europe (Slovakia and Bulgaria). At the level of intra-EU trade, activity remains without any tension, with supply prevailing over demand; the new harvest linked to “Euronext plus premium” prices was more treated. Generally good agronomic progress for the new crop. On the Paris market, a ...

Source: Terraevita