Spain: Grain prices fall as markets are calm

Published Jun 18, 2024

Tridge summary

Traders report that markets are stable as the chance of unexpected international crop changes decreases. In Spain, cereal prices mostly fell over the past week, except for corn, indicating a stable harvest and supply outlook. Specific declines were noted in soft wheat, durum wheat, oats, barley, and malt barley, while corn prices rose slightly. Harvest pressures in the U.S. have influenced these trends, offsetting reductions in Russia and the EU. Compared to January 2024, cereal prices have significantly dropped.

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

Original content

Traders have noted that markets are "calm" as the possibility of last-minute crop surprises on an international scale diminishes. The prices of cereals have fallen in the last week in the Spanish markets, except for corn, as a reflection that the markets are "calmer" regarding the harvests and the international supply, as sources from the Efeagro informed this Monday. association of wholesalers Accoe. In the first closed week of this month (until last Friday) the prices and their changes compared to the previous one have been as follows: soft wheat, 229.83 euros/ton (-2.8%); corn, 229.24 euros/ton (+0.99%); durum wheat, 288.75 euros/ton (-3%) and oats, 248.40 euros/ton (-5.33%). Barley has fallen by 3.64%, to 210.15 euros/ton, while malt barley has fallen by 1.22%, to 221.00 euros/ton. "In national and international markets, harvest pressure pushed prices downward last week. Wheat is already being harvested in the United States with very good yields, which will make up for the ...

Source: PEefeagro