News

World: Soft and hard wheat prices hold the risk due to drought

Maize (Corn)
Durum Wheat
Wheat
Published May 21, 2022

Tridge summary

Meanwhile, corn prices also continue to rise. Among the oilseeds there remain several critical issues on the sunflower, high volatility for soy Soft wheat, uncertainty raises the price lists again Italy Week of decisive adjustment to the rise in the markets with the continuation of fundamentals at climate risk due to water shortage in the areas of main national production .

Original content

The new crop sees good crop progress overall, but yields / ha and quality will remain uncertain until threshing. Internal market that sees less supply in the face of a milling sector that ends with medium-low stocks and stock discrepancies between the individual players. Good ready-made quality, but rising replacement prices are also driving the markets. The "Bologna type" rises to over 435 € / t starting, the bread-making products to 415 € / t and the "mixed" ones to 410 € / t; strong community + 15% and North American foreigners + 30 € / t. Europe International tension and climatic trends in the dry North-West areas of the continent can be felt in the community squares, introducing the risk of a drop in European production in 2022; a decline that in some areas of France would already be evident. 2022 production is revised at 126 million / t, down by 2% compared to the estimates of previous months; in the Central-Eastern areas the agro-climatic situation is confirmed on average. ...
Source: Terraevita
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