Spain: Markets slow down at the beginning of grain harvesting

The start of the harvest has coincided with a stabilization in cereal prices in the country's main markets. We review the behavior of the most important tables this week: The upward trend that existed in cereals in recent days is slowed by international markets this week with red numbers and the pressure of a new harvest. Corn prices rise slightly, for which we have to go to the port to obtain volume due to the low local supply and the low supply sold by France. The wheat repeats, with little demand and an operation dependent on trucking. Barley falls due to the pressure of the new harvest and having to empty the warehouses for the new barley. Alfalfa begins to be priced in the province of León at €160/t, 60% less than the last campaign, which started at €420/t. In the province of León there are 10,000 hectares of alfalfa, of which 4,000 are rainfed and 6,000 are irrigated, the expected yields are 4,000 and 12,600 kg/ha respectively, the estimated production will therefore be ...