
A tender by the Volos agricultural cooperative sold 6,000 tonnes of durum wheat at €254 per tonne, highlighting an upward price trend over the past month. Strong Canadian exports have reduced global stocks, but supplies remain ample enough to constrain expectations for a major near-term rally; southern Italian durum quotations were unchanged this week.
The recent rise in durum prices reflects export demand and tighter stocks, but ample global availability limits the scope for a sharp further increase. Prices may remain sensitive to winter sowing prospects and subsequent crop conditions.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.