The historical maximum soybean price and forward contracts for sunflower marked the last week on Produktna berza. The total turnover amounted to 4.420t of commodities, which financial value was 1.961.990,00€.
Soybean price reached its maximum in the current economic year, during the past week. Namely, the price of 646,46€/t and without quality calculation, registered at the end of the week, is the highest soybean price in 2020 and the historical maximum ever recorded. Movements on the international market, the influence of world trends and prices in the world, as well as internal factors on the domestic market have led to this oilseed being the most sought-after commodity with a total turnover of 1.720t. During the week, the price ranged in a wide price range from 586,92€/t to 646,46€/t, with a conspicuous upward trend until the end of the week. The weighted price was 607,33€/t, which is an increase of 5,75%.
Having in mind the continuous growth of the price, taking into account the uncertainty of the situation, as well as the great demand for this oilseed, we will continue to monitor the next period and changes in price movement.
Unlike other cultures, corn has maintained a stable price level without significant oscillations. The contract at FCA parity was concluded at a single price of 195,64€/t, which is also this week’s weighted price. Corn delivered to the port, during April, was traded at the price of 199,04€/t. Statistically, the price of this cereal is higher by 44,65% compared to the same period last year.
Wheat is on a downward trend for the second week in a row. Depending on the quality parameters, contracts were concluded at the price level from 181,18€/t to 182,88€/t. Compared to the previous week, the price of this cereal is lower by 2,82%.
Forward contracts for sunflower crop 2021 were realized at a single price of 410€/t in dinar equivalent on the day of payment at the middle exchange rate of the National Bank of Serbia, with the delivery of commodities during September. Given that the price is above all expectations, it is now up to the farmers to decide whether to sell part of the future crop.