Produktna berza

 

Corn

Wheat

Soybean

Weekly Reports

2021 #49 (13.12.-17.12.)

The passive market and price fall of all primary agricultural products marked last week at Produktna berza. The total turnover was 1.375 tons. As the end of the year approaches, there has been a decrease in the activity of commodity exchange participants. The financial value amounted to 617.449,26 €.

Due to reduced demand from exporters and domestic processors, corn has maintained a downward trend. Apart from the domestic one, this trend was completely correlated to the international market as well. What characterized the price is the constant change from day to day, which basically followed the world’s trends. Good supply and falling prices were the cause of reduced activity for this grain purchase. On the first day in the week, the corn supply was at a price level of 221,11 €/t. The contract was concluded at 216,01 €/t, which is also this week’s weighted price. Compared to the previous comparative data, a decrease of 2,07% was recorded. What gives the right to the initial statement is the fact that the supply at the very end of the week was much lower (212,61 €/t, with free stock until January/February), but even such did not have an adequate response on the demand side. At this price change, the corn market is still on a downward trend, and this was the main reason for the withdrawal of customers. FOB prices were still unacceptable and are still in the zone of the unprofitability of the export calculation.

The fact that wheat is losing its market position is best shown by the fact that the price has dropped by 3.32% compared to the previous week, and thus the turnover has decreased. A very sharp drop in the prices of this grain was also recorded in Chicago due to the lack of competitiveness of American commodities, as well as sales by funds. Purchase and sale contracts, depending on the quality, are concluded from 259,38 to 266,18 €/t, with a clear tendency for the price to fall. The customer structure consisted mainly of merchants and millers. While on the other hand, the interest of exporters was not emphasized in the purchase. The weighted price was 263,12 €/t.

In the soybean market, last week only confirmed that a negative trend has been present for a long time. Weak demand and lower imports of this oilseed in the previous month influenced the formation of the domestic price. At the beginning of the week, it was traded at the price of 620,81 €/t, with the takeover of commodities during December, and at the end of the week, it was traded at the level of 617,41 €/t. It was traded exclusively without quality calculation. The average price was 619,54 €/t, which is a decrease of 0.34% to the previous comparative data. Despite these circumstances, soybeans still have the best market position on the primary agricultural products scene.

What worries agricultural producers were the prices and supply of nitrogen fertilizers. Russian UREA, granulated, packaging 500/1 was traded at 875,00 €/t.

 

Verica Popov, broker

2021 #48 (06.12.-10.12.)

Reduced activity of commodity exchange participants and falling prices are current movements on the market at Produktna berza. The total turnover amounted to 4.131 tons, while a financial value amounted to 1.346.024,11 €. Compared to the previous period, the turnover decreased by 15,69%, while the financial value of traded commodities decreased by 13,44%.

The absence of exports and weak demand from domestic processors resulted in a lack of more intensive corn demand. Contracts were concluded in a price range from 212,61 to 221,12 €/t. At parity CPT, the price was 223,67 €/t. During the whole week, a downward trend of this cereal was noticed. The weighted price was 220,61 €/t, which is a decrease of 1,38%.

The price continued to fall for the second week in a row, on the wheat market. Wheat with a minimum of 12,5% protein for prompt delivery was traded at 272,14 €/t. The contract for January delivery was concluded at 267,89 €/t. At the end of the week, the complete absence of supply and demand at a lower price level than the realized ones did not result in the conclusion of a contract. Compared to the previous week, the wheat price decreased by 1,31%. A downward trend was also noticed on the international market.

Soybean, even in the period of passivity, finds its place on the market, which has been volatile in the last period. The low demand has led this oilseed to record a negative price trend of 1,88%. Realization ranged from 620,83 to 625,08 €/t. The weighted price was 621,68 €/t.

Feed barley was traded at a price of 239,83 €/t.

Russian urea, 25/1, was traded at 880,00 €/t, while contracts for package 500/1 were concluded from 860,00 to 875,00 €/t. There was a greater interest in buying nitrogen fertilizers.

Russian an, package 25/1, was traded at 670,00 €/t.

 

Verica Popov, broker

2021 #47 (29.11.-03.12.)

In the first week of December, at Produktna berza, cereals prices decreased. Total turnover was 4.900 tons of commodities (+72,29%), while a financial value amounted to 1.555.184,64 € (+44,49%).

After the continued price rise in the previous period, wheat marked a bearish trend. Among this situation, wheat was the most traded commodity with a total amount of 4.050 tons. The contracts were realized from 272,16 to 280,66 €/t. The weighted price was 276,24 €/t, which is a decrease of 1,25%. Among the domestic market, this price trend was noticed in international markets.

In the corn market, the activity of the commodity exchange participants was diminished. The price on the domestic market was not acceptable for buyers at FOB, which had an impact on demand. The supply, depending on delivery, was in the price range from 221,13 to 229,63 €/t, which indicates a possible price fall. Corn with higher moisture, at a parity CPT, was traded at a price of 223,68 €/t.

At the beginning of the week, the soybean supply was absent. Intensive demand had an impact on the upward trend of this oilseed. The contracts were concluded at a single price of 633,62 €/t, which is at the same time the weighted price. Domestic processors and traders were dominant buyers. However, at the end of the week, the market calmed down. The supply at a lower price level did not result in a contract conclusion. Statistically, compared to the previous period, the price was higher by 1,02%.

Feed barley was traded at a price of 240,69 €/t.

 

Verica Popov, broker