News

Soft and hard wheat, the cards are not revealed in the global markets

Wheat
Maize (Corn)
Published Aug 27, 2022

Tridge summary

Several operators are still at the window to study the evolution of the campaign. Meanwhile, an increase in the price of oil crops is expected at a global level. Soft wheat, trade is concentrated on the short term Italy Market recovery substantially without significant signs. Supply and demand are present, but exchanges remain limited to short-term hedges; interest from users to cover the second half of the campaign, especially for basic grains which today also see demand from the livestock sector. Caution in quotations pending the definition of the Central-Eastern European commercial framework. On Milan, prices resume unchanged compared to early August, while Bologna opens up by 4 € / t on all items, in line with Paris.

Original content

Several operators are still at the window to study the evolution of the campaign. Meanwhile, an increase in the price of oil crops is expected at a global level. Soft wheat, trade is concentrated on the short term Italy Market recovery substantially without significant signs. Supply and demand are present, but exchanges remain limited to short-term hedges; interest from users to cover the second half of the campaign, especially for basic grains which today are also being requested by the livestock sector. Caution in quotations pending the definition of the Central-Eastern European commercial framework. On Milan, prices resume unchanged compared to early August, while Bologna opens up by 4 € / t on all items, in line with Paris. The "Bologna type" wheat is worth 430 € / t, with superior bread-making products at € 390 / t and the "mixed" ones at € 380 / t; Community bread-making increases by 5-10 € / t and foreign strengths on the rise. Europe Harvesting continues in the central ...
Source: Terraevita
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