News

The Commodity Exchanges reopen in Italy with increases for foreign soybeans and soft wheat forage

Canola Seed & Rapeseed
Barley
Published Aug 30, 2022

Tridge summary

The BMTI surveys show generalized increases for the entire zootechnical diet. Barley stands at + 43% compared to 2021 The reopening of the national commodity exchanges after the summer break has highlighted, among the raw materials used for livestock feeding, an increase in the prices of soft grain forage and, above all, of soybeans of foreign origin, supported in particular by the strengthening of the dollar against the euro.

Original content

The BMTI surveys show generalized increases for the entire zootechnical diet. Barley stands at + 43% compared to 2021 The reopening of the national commodity exchanges after the summer break highlighted an increase in the prices of soft grain forage and, above all, of soy from abroad, among the raw materials used for animal feed, supported in particular by the strengthening of the dollar against to the euro. Slight increase, although limited to the Bologna square, also for barley. Among the forage cereals, the first prices of the new vintage for sorghum were recorded, close to 360 € / t, down 4% compared to the last price of the 2021/2022 year, but 47% higher than to a year ago. After the falls in the week of August, on the main foreign commodity exchanges, the trend was up for both corn and soybeans. Soy grows in double digits Among oilseeds, double-digit increases were recorded for soybeans of foreign origin listed on the lists of the main commodity exchanges. In Milan, prices ...
Source: Terraevita
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