Italy: Feed grains consolidate, soybeans still point higher

Published 2023년 2월 20일

Tridge summary

Prices of soft wheat, barley, and sorghum for zootechnical feed have stabilized after previous decreases, with soft wheat showing a slight increase. Corn prices have also risen, and uncertainties about an agreement for Ukrainian exports have influenced prices. Soy and soybean flour have experienced consistent increases due to anticipated low production in Argentina. Meanwhile, prices for sunflower meal and rapeseed flour have remained stable, and dehydrated alfalfa prices have surged by 45% compared to last year. These changes in prices were observed from the week of February 13 to 18, 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Bmti surveys, soft wheat is getting stronger after several weeks of decline. Barley and sorghum without sudden changes, skyrocketing alfalfa After the widespread decreases of the previous weeks, the prices of raw materials for zootechnical feed have returned to a more stable trend. The drop in barley prices has stopped, while signs of an increase have been recorded for livestock soft wheat. Supporting the sector are both the timid increases in corn prices and the uncertainties regarding the renewal of the agreement to allow exports from Ukraine, which will expire on March 18th. Among proteins, soy closed another week of gains, again benefiting from the support of foreign prices due to the low production expected in Argentina. Soybean flour also rose. Barley, stability prevails Among fodder cereals, stability prevails again in the barley price lists, unchanged in the Bologna market (€280-285/t, free of arrival). A slight decrease is confirmed compared to last year, ...
Source: Terraevita

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