The prices of hard and soft wheat continue to rise globally

Published 2022년 10월 14일

Tridge summary

The article provides an overview of the current situation and future trends in the European and global maize and wheat markets, highlighting the impacts of international uncertainty, production estimates, trade dynamics, and logistical challenges. It discusses the bullish trend in prices, influenced by factors such as limited trade, product availability, demand patterns, and the influence of other countries like Russia and Ukraine. The article also touches on the effects of weather conditions in South America and Australia, the influence of the Black Sea naval corridor on market dynamics, and the strategies of mills and operators in response to market volatility. Additionally, it mentions the quality and pricing of wheat and maize in various countries and regions, including France, Spain, Argentina, Australia, and the USA, and the potential impact of sowing estimates and global trends on future prices.

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

Original content

International uncertainty is also driving up the price of maize, despite limited trade. Usda revises 2022 production estimates downwards Soft wheat, eyes focused on the Black Sea basin Italy The bullish tone remains on all items and on all squares to underline the waiting moment for commercial evolution from the Sea basin Black. Despite the limited level of trade and good product availability, prices rise by 2-5 € / t with greater pressure on bread-making grains than strong grains. Demand is slowing down and is awaiting more accurate estimates on local consumption and to assess where (what type of products) the demand from the market will orient itself to. The prices of EU replacements follow the trend of the national ones, while the foreign ones are strengthened more. The arrival “Bologna type” reaches 435 € / t, the second class around 400 € / t and the “mixed” ones at over 380-385 € / t; Community plus 4 € / t and foreign “spring” plus 15 € / t. Europe The week first saw ...

Source: Terraevita