News

Soft and durum wheat, corn and oilseeds fall in prices in Italy

Wheat
Maize (Corn)
Durum Wheat
Italy
Published Nov 26, 2022

Tridge summary

The international situation, with the maintenance of the Black Sea corridor and the wait-and-see trend of many users, is producing generalized declines Soft wheat, trade remains limited Italy Conditions of low demand persist which lead to a drop in prices, given a non-pressing supply but prevailing on the request. Trading level limited both on the spot and on the short term, with buyers at the window waiting for the market to regain balance.

Original content

Good availability of all product categories, with a greater offer for strength grains. Adequate coverage of the mills with uncertainty about the maintenance of demand in a recession. “Bologna type” wheat sells €4/t for an arrival value of €425-426/t, with higher bread-making products at €387/t and bread-making products at €367/t; EU and foreign countries in further decline. Europe The reflections of the international geopolitical situation continue to condition the community squares, where there is a good level of local exchange towards the mills and feed mills with a parallel liveliness towards the ports of embarkation. Traders translate the climate uncertainty in South America and Asian demand as commercial opportunities for the coming months, but the euro/dollar recovery and the (global) risk of avian flu offset the bullish effect for a substantial (temporary?) nothing done. Local offer that is reduced more for strong grains than for bread-making. Volatile physical prices, with ...
Source: Terraevita
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