Italy: The decline of durum wheat stops, and the exchanges of soft wheat are timid

Published 2023년 9월 8일

Tridge summary

The livestock sector's difficulties are causing bearish effects on corn prices. Soft wheat prices in Italy are experiencing caution and a slowdown in the markets, while sunflower prices remain down. The European market is seeing stability, but with volatility due to geopolitical and commercial influences from the Black Sea.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Meanwhile, the difficult moment in the livestock sector is a bearish factor for corn prices. Foreign soya stable, sunflower still down Soft wheat, caution dominates Italy Slowdown on the markets following the completion of the harvest and the caution of operators to take further positions before having a definitive picture at a European level. There is a greater premium for strong grains in the Milan market, with Bologna more rewarding for the other product classes. Exchanges that are maintained without particular tensions, with the interested parties seeking a meeting point on quality (specific weight and milling values) and continuity of supply in the coming months. The “Bologna 14 protein type” is worth around €315-325/t arrival, with “specials” around €265-275/t and the “mixed” ones stable at €250/t; items 4 and 5 consolidate at €210-220/t starting. Community bread-making quantities are decreasing with US-Canada springs fluctuating at €380/t arrival. Europe Week with ...
Source: Terraevita

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