Italy: Slow trading for durum wheat, bearish pressure on corn

Published 2023년 5월 19일

Tridge summary

The article provides an overview of the current situation and future trends in the Italian, European, and global wheat markets, with a focus on the impact of floods in Italy, climatic conditions in America, and the situation in Ukraine and Russia. It highlights the efforts to consolidate quotations and achieve market values in Italy, the anticipation of a new harvest exceeding 7.5 million tons in Europe, the progress of sowing in America and Canada, and the cautious pricing and specification of the new crop. The article also mentions the need for specifications beyond "good average" and the potential support to prices from sustained exports from North America, alongside the uncertainty in demand from the Mediterranean basin.

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

Original content

Eyes also focused on the flood in Romagna, but while waiting to understand the evolution, the markets are not registering jolts. Barley holding, sorghum unchanged Soft wheat, the production scenario worsens in Italy Italy The production scenario in the North has worsened, with areas heavily damaged by recent floods and lodgings which introduce both fruit set problems and fungal diseases. Waiting to understand the evolution of the markets, the trend continues on the stock exchanges which sees weakness for the grains of strength and stability for the lower classes (fewer offers). Exchanges that remain in the short term to cover the consumption of cash. “Bologna-type” strong grains made North are worth below €300/t, with bread-making grains at €290/t and “mixed” grains at €260-265/t (specific basis); Community bread-making unchanged such as EU and foreign strength grains. Europe The confirmation of the "corridor" and an overall favorable climatic trend dictated the trend of the ...

Source: Terraevita