Increase of three euros for all cereals in the León market, Spain
Spain
Published Jan 5, 2023
Tridge summary
In the session of the León market, it celebrates today, January 4, in Santa María del Páramo, a rise of 2 euros per ton in all cereal categories. This increase places wheat and corn at €312/T, barley is trading at 296, while rye is at 287 and oats is at €293/T.
Original content
The markets that showed a clear upward trend are now more cautious. The rains, although insufficient in Argentina and Brazil, together with the sharp depreciation of the Brazilian real, which makes its cereal more competitive with respect to the US and Europe, mark this caution. The climate does not help either. latest report on grain export data that have been below expectations and the drop in oil, on the contrary, dry weather is expected to re-impose itself in the aforementioned South American countries, which can turn the markets. On the other hand, the repetition of prices in both beans and potatoes, mainly due to the few transactions that are carried out during these ...
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