Spain: The weakness in the cereal markets in the León market continues, but the falls have not been so abrupt

Spain

Published Nov 24, 2022

Tridge summary

One more week the weakness in the cereal markets continues in the session of the León market held this Wednesday the 23rd in Santa María del Páramo, although on this occasion the falls have not been so abrupt and it seems that they are beginning to hit a bottom where to support the stability. The extension of the agreement between Russia and Ukraine to continue exporting Ukrainian grain continues to weigh too heavily on all operations.

Original content

Purchases by operators and feed manufacturers have slowed down and are putting pressure on the markets. Even with very short stocks, they are in no hurry to wait for new purchasing opportunities. Thus, wheat, barley and triticale have lost 5 euros per ton, which means that the falls have not been as sharp as seven days ago when they fell between 213 and 14 euros, while rye and corn fell 3 euros per ton (for the 9 above) and oats 2 euros per ton. The corn harvest in León is now in more than 60% of the surface, although this week due to the rains it is practically paralyzed, in terms of yields, they are being very uneven, especially when we compare the farms irrigated by modernization with those irrigated by flood. It should also be noted that in this session the bean and the potato are at a repeat price. This information on agricultural prices and variations at the time of listing in the Lonja de León can be consulted in more detail through ...

Source: Agroinformacion