Meanwhile, according to market estimates, about 50,000 tons of durum wheat must have been lost following the devastating storm, and there are many reports that the fields may not be ready for the new sowing in November. The possibility of a serious price recovery is probably remote for the time being, given that Canadian production does not appear to have any unpleasant surprises, while Turkey is able to offer more quantities at competitive prices. In durum wheat, the new price list in Foggia was unchanged for a third week. Specifically, for quality wheat with a specific weight of 78 kg/hl, vitreous 70% and protein 12%, the merchant warehouse price is negotiated at 395-400 euros per ton. Also for the second quality with a specific weight of 76 kg/hl, vitreous 50% and protein 11%, the merchant warehouse price ranges from 385-390 euros per ton.
In France, prices lost another 5 euros compared to the previous week and are balanced at 380 euros per ton. Canada in a recent crop progress report estimated new production slightly lower at 4.058 million tonnes from 4.26 million tonnes two weeks ago. In the Chicago stock exchange, soft wheat prices are unchanged. The drop in corn and soybeans does not help, while in the natural market Russia and not only, still offers competitively. Meanwhile, Egypt's recent tender to buy 120,000 tonnes of molasses closed with ...
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