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Italy: National soybeans open up 19%

Soybean
Italy
Published Sep 27, 2022

Tridge summary

Reductions instead for the foreign one. According to the data of the Italian telematic commodity exchange, stability prevails in the prices of forage cereals The penultimate week of September confirms the current phase of stability in the lists of forage cereals, with limited variations for soft wheat, barley and sorghum, reflecting a good balance between supply and demand. However, prices remain at sustained levels.

Original content

Reductions instead for the foreign one. According to data from the Italian telematic commodity exchange, stability in the prices of forage cereals prevails The penultimate week of September confirms the current phase of stability in the lists of forage cereals, with limited variations for soft wheat, barley and sorghum, reflecting a good balance between supply and demand. However, prices remain at sustained levels. The volatility in the oilseed lists remains greater, with soybeans of foreign origin registering a new decline in Bologna, while remaining stable in Milan. First prices for national soy, almost 20% higher than last year's debut. Among protein flours, soybean meal prices continue to strengthen, influenced by the euro-dollar exchange rate and the rise on the Chicago Stock Exchange. Italian soybeans started out at € 620 / t The first prices of the national soybean in Bologna stood at 615-620 € / t (ex-works), up by 18.8% compared to the debut of the 2021/2022 campaign. The ...
Source: Terraevita
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