Weekly Reports

#7 (20.02.-24.02.2023)

Increased activity on the commodities market, both on the supply and the demand side, influenced growth of quantitative and financial turnover, as well as the upward price trend. In the previous week, a total of 4.340 tons were traded, the financial values of which reaches 1.229.666,23 €, which is a growth of 152,4% compared to the previous week. When it comes to soybeans, there is still no trading on the market.

From the beginning of the week, there was noticeably increased demand for corn, which resulted in increased prices. Sellers held back until mid-week when there was bigger offer on this market. Corn was traded in a price range from 238,63 €/t up to 255,67 €/t. The weighted price is 247,40 €/t, which is a 4,2% increase compared to the week before.

On the wheat market, like on the corn market as well, there is a positive price trend. This commodity recorded an increase in price of 4,6% compared to the previous week. Greater interest from buyers and restraint from sellers at the beginning of the week resulted in higher price levels. As the week went bye, the offers of larger quantities were recorded on this market. Wheat was traded in price range from 250,56 €/t to 259,93 €/t, depending on quality parameters. The weighted price for this week is 253,11 €/t. Unlike the previous year, when in this period of the year the first forward contract for the wheat was already concluded, forward trading of the new crop of the wheat is currently absent from the market.

When it comes to the soybean market, there is almost complete absence of supply and demand. From the beginning of the month, this oilseed is absent from commodity trading. Offers of smaller quantities of the soybean at the beginning of the week did not meet with a response on a demand side. However, there was some demand at the end of the week at 549,69 €/t and 553,95 €/t, but contracts were not concluded due to the higher price levels of the offer from 562,47 €/t to 566,73 €/t. In February 2022, there was also a weak interest for soybeans. Current price level is lower for 17,3% compared to the last year, when at the end of the month soybeans traded at the price of 664,74 €/t.

The larger offer of mineral fertilizers continues during this week. UREA, AN and KAN were offered on a lower price level compared to the previous period. The offers for AN and KAN did not result in the conclusion of a contract. AN was offered during this week on the price from 561,00 €/t to 576,00 €/t. UREA was traded at a price of 515 €/t at FCA parity, while for CPT buyer parity the contract was concluded at a price of 518,00 €/t. Further offers for jambo bags packing ranged in price from 515,00 €/t to 520 €/t, while the 25/1 package was offered at 540,00 €/t.

After a long time, there was a trading with the feed barley. Contracts for this commodity were concluded at a price of 251,41 €/t.

Sunflower meal was not traded this week due to weaker customer interests. The offer was in the price range from 325,55 €/t to 328,96 €/t.

#6 (13.-17.02.2023.)

Due to the holidays, less working days this week also had an impact on the lower realized turnover on the commodities market. Increased demand for cereals is noticeable, while soybeans are absent from trading this week as well. A total of 1.804 tons were traded, the financial value of which reaches 487.282,65 €. Compared to the previous week, when there was an increase in both quantitative and financial turnover, this week brought a 35% drop.

Smaller lots were traded on the corn market. Compared to the previous period, there is a greater buyer’s interest in this cereal. Corn was traded in the price range from 234,39 to 238,65 €/t. The weighted price is 237,45 €/t, which is statistically lower by 1,8% compared to the previous week. The contract for corn with moisture up to 16% was concluded at a price of 225,86 €/t.

As during the previous week, wheat recorded primacy in trading. Contracts for this commodity were concluded in the price range from 241,20 to 242,06 €/t. Only wheat with a minimum of 12% protein was traded. The weighted price is 241,97 €/t, which is an increase of about 1% compared to seven days earlier.

There is a complete lack of demand on the soybean market, which has resulted in soybeans being absent from commodity exchange trading for the third week. The sellers were also more restrained in their offers this week, so offers of 566,79 €/t, for soybeans with quality calculation, did not result in the contract conclusion.

Of the other goods, sunflower meal with 33% protein was traded at 332,40 €/t. This commodity has a constant increase in price and compared to the previous week, the price is higher by 3,8%.

#5 (06-10.02.2023.)

After the weak activity of the participants in the first working days, from the middle of the week there will be greater dynamics on the commodity market. A further drop in grain prices and the absence of soybeans in trading marked this week. In total, 2.423 tons of goods were traded, the financial value of which is 751.385,13 €, which is an increase of 117,52% compared to the previous week.

Weak activity of exporters, but also of domestic processors, affected the decrease in the volume of turnover and the further drop in prices in corn trading. At the beginning of the week, a price of 255,69 €/t was recorded, and at the end of the week, the traded price was 234,39 €/t. The weighted price is 241,80 €/t, which is a decrease of 6,75% compared to the previous week.

Wheat was the most dominant crop in terms of volume, with 1.400 tons of goods traded. The price was recorded in the range from 238,65 to 264,22 €/t, and buyers still show the most interest in wheat with 11-12% protein.

Although weak, the supply of soybeans at the price level of 566,79 to 571,05 €/t, with the calculation of quality, did not meet the response of buyers. Extremely weak demand and at a lower price level of 554,00 €/t, led to the absence of soybeans from trading this week.

Since the beginning of the week, there has been a supply of smaller quantities of meals for prompt delivery, which caused a constant increase in the price. Sunflower meal with 33% protein was sold in the range of 315,36 to 328,14 €/t. Compared to the previous week, the price recorded an increase of 2,44%.

Although the time has come for feeding wheat, the fall in nitrogen fertilizer prices has affected buyers’ restraint in purchasing. Exchange contracts were concluded for artificial fertilizer AN, Russian 25/1, at 610,00 €/t, while UREA, Turkmenistan 500/1 was traded at 570,00 €/t.

Of the other goods, we note the trade in feed flour in bulk at 221,60 €/t.

#4 (30.01-03.02.2023.)

Trading on the Commodity Exchange recorded a weaker activity of participants. The prices of all primary agricultural products continued the negative trend from the previous week. In total, only 1,098 tons of goods were traded. The financial value of turnover is the lowest since the beginning of the year and reaches € 345,455.00 without VAT, which is a drop of 59.2%.

Corn was the most represented in commodity exchange trading in the past week. Contracts were realized from 255.71 to 259.97 €/t without VAT. The weighted price is 259.37 €/t without VAT, which is a decrease of 3.6%. The offer of larger quantities has not been recorded in this market, while on the other hand, buyers are cautious in anticipation of further price movements. The structure of customers includes domestic processors and traders and regional exporters.

Unlike the previous period, when larger quantities of wheat were traded, the market calmed down, and only 100 tons of this grain were traded. Wheat with a minimum of 12% protein was traded at a price of 272.75 €/t without VAT, which is also the weekly weight. Compared to a week earlier, the price recorded a drop of 3.7%. There is still a higher supply in the market, but demand was almost absent during the week.

There is no trading in the soybean market this week. Buyers have not expressed their interest in buying since the beginning of the week, which has affected the lower level of activity in the soybean market. The offer was also weak and ranged from 568.52 to 571.08 €/t without VAT, but there was no response from buyers. Unlike the previous period when both the demand and the supply of imported soybeans increased, this week there were no inquiries.

Sunflower meal with 33% protein was traded from 311.11 to 313.67 €/t without VAT. There is a noticeable tendency of price growth, despite the reduced activity on this market compared to seven days earlier. The weighted price is 312.39 €/t without VAT, which is an increase of 2.8%.

UREA, package 500/1, was traded at a price of 637.13 €/t without VAT. Compared to the previous week, the price of this fertilizer shows a negative trend, and the concluded price is lower by 2%.

#3 (23.-27.01.2023.)

The supply of larger quantities has continued the grain market during this week. A drop in turnover and a negative price trend were noticeable on the commodity market. A total of 2.075 tons were traded. The financial value is also lower than the previous week by 28,2% and reaches 846.333,81 €.

The higher supply of corn compared to demand was noticeable from the beginning of the week. Buyer interest was extremely low during the week and at lower price levels compared to the supply. The price spread between buyers and sellers, as well as lower demand, influenced the reduced trading volume. The contracts were realized at the beginning of the week at 270,93 €/t, and due to the negative price trend, at the end of the week, this cereal was traded at 265,82 €/t. The corn supply at the end of the week was lower, and the demand was at lower price levels than realized. The weighted price is 268,88 €/t, which represents a drop of 3,65% compared to just a week before.

A negative price trend is also present on the wheat market. The supply of larger quantities of this cereal continued during this week, and wheat with a minimum of 12% protein was the most represented in the trading. The reduced interest of buyers led to the absence of greater dynamics in this market. The contracts were concluded in the price range from 281,15 to 293,93 €/t. The supply of wheat with a higher protein content has not met with an adequate demand response. The price recorded a drop of 4,75% compared to the previous week, and the weekly weighted price is 282,94 €/t.

The oilseeds market also recorded a negative trend, but to a lesser extent than the grain market. Soybean, with the quality calculation, was traded at 570,83 €/t, which also represents the weighted price. Buyers’ interest in buying imported soybeans from Croatia was noticeable throughout the week. Contracts for imported soybeans, at the CPT buyer parity, were concluded at the beginning of the week at a price level of 583,61 €/t, and due to the negative trend, the price of this commodity amounted to 573,38 €/t. In relation to the previous week, soybean recorded a downward price trend of 0,70%.

The quantity of sunflower seeds was more represented in trading compared to the previous week. This commodity recorded a price increase of 8,80%. Contracts were concluded at the beginning of the week at 302,45 €/t, and due to increased activity on both the demand side and the supply side, the price reached the level of 306,71 €/t. The weighted price is 303,65 €/t. The supply at the end of the week was at the price level of 315,23 €/t.

The end of the week brought the offer of fertilizers at a lower price level compared to the previous period. AN is offered in the price range from 676,00 to 700,00 €/t. KAN is offered from 626,00 to 660,00 €/t, while NPK, 16:16:16, is offered at 701,00 €/t. Russian UREA, package 500/1, closed at the price level of 650,00 €/t, which is 11,9% lower than the December prices of this fertilizer. Further supply of this fertilizer was at prices up to 670,00 €/t.

#2 (16.-20.01.2023.)

The last week on Produktna berza was marked by the return of the supply of larger quantities to the market. Due to the holidays, the supply was smaller than at the beginning of the year. Cereals, statistically, recorded an increase in price, while soybeans maintained a stable price level. Although there was more activity on the market both on the supply side and on the demand side, the market calmed down at the end of the week. Total turnover was lower compared to seven days before. Totally 3.600 tons of commodities were traded, the financial value of which reached 1.178.066,69 €, which is a decrease of 3,50%.

The very beginning of the week brought restraint among participants in the corn market. Supply price levels were higher than demand. As the week progressed, the sellers’ interest in selling goods increased. The contracts were concluded in the price range from 276,90 to 285,42 €/t, and the buyers were domestic processors and regional exporters. Compared to the previous week, trading took place at a higher price level, and the price is higher by 1,06%. The weekly weighted price is 279,11 €/t. Corn with an increased percentage of moisture was traded at 261,56 €/t.

Like the corn market, the wheat market is also experiencing a supply of larger quantities. At the end of the week, a much higher supply than demand was noticeable. Although the interest of buyers was lower, the price of this cereal recorded a slight increase of 0,40% compared to the previous week. In terms of quantity, wheat was traded the most. The contracts were realized from 295,64 to 300,75 €/t, depending on the quality parameters. The most inquiries on the demand side were for wheat with 11,5-12% protein. The weighted price for this week is 297,09 €/t.

There are no significant changes in soybean compared to a week ago. In terms of price, soybeans maintained a stable level and were traded at a single price of 575,09 €/t, which is also the weighted price. Since the beginning of the week, there has been a higher demand compared to the supply. Buyer interest was constantly at a lower price level compared to the supply. The very end of the week brought almost no supply in this market.

Of the other goods, there is a trading of feed barley with a specific mass of 60 kg, at a price of 289,68 €/t.

2022 #50 (19.12.-23.12.)

On the cereal market, supply is lower than demand, while soybeans are absent from stock market trading. The price of wheat recorded an increase after a period of a constant downward trend. Compared to the previous week, the trading volume is currently 19,3% lower. A total of 3.293 tons were traded, with a total financial value of 1.028.838,05 €.

On the corn market, the negative price trend has continued. There is a slight lack of interest from sellers, which affects the trading volume of this grain. A lower supply compared to demand has been recorded since the beginning of the week, which influenced the further price drop compared to last week. Corn was traded from 260,86 to 267,68 €/t, depending on whether the commodity has been analyzed for aflatoxin. The weighted price for this week is 264,36 €/t, which is a decrease of 1,02% compared to the previous week.

After a constant price drop since the beginning of the month, a positive price trend was recorded on the wheat market. The offer has been extremely weak since the beginning of the week, while the interest of buyers was mostly for wheat with a protein of 11,5 to 12%. In total weekly trading, wheat is still the most traded in terms of volume. The contracts were concluded in the price range from 278,76 to 294,11 €/t, depending on the quality parameters. The weighted price is 291,64 €/t, which is an increase of 1,63% compared to the previous week.

Soybeans are absent from trading this week. The interest of buyers was somewhat higher compared to the offer, which is almost absent from the market. The demand was constantly at a lower price level in relation to the price level of the sellers, and due to the price spread and less interest of the sellers in the sale of this oil plant, no contract was concluded on the commodity market.

Sunflower meal with 33% protein was sold in the price range of 285,58 to 288,14 €/t. The supply of this meal until the end of the week was at a lower price level than the closed one, at 281,32 €/t, which indicates a drop in price.

The contract for fodder barley, with a specific mass of 60kg and delivery to the customer, was realized at a price of 294,11 €/t.

At the end of the week, a small amount of AN mineral fertilizer was traded at a price of 722,40 €/t.

2022 #49 (12.12.-16.12.)

Two weeks before the calendar year’s end, an increased turnover volume is recorded on the commodity exchange market. All primary agricultural products continued the negative price trend from the previous week. A total of 4.080 tons of commodities were traded, the financial value of which reached 1.359.223,09 €, which is a growth of 70,11%. Although volume turnover is increasing, there is weak demand on the market.

In the corn market, both buyers and sellers had less activity compared to the previous period. Since the beginning of the week, there has been a higher supply than demand. The withdrawal of buyers from stock market trading led to a drop in the price of this grain to the levels of July this year. This kind of market dynamics also affected the smaller share of corn in the total turnover. At the beginning of the week, corn was traded at a price of 272,71 €/t, due to the negative price trend, the realized price reached the level of 264,18 €/t. Compared to just seven days earlier, this is a drop of 2,72%. The weighted price is 267,00 €/t. When we compare with the same period of the previous year, there was also a noticeable downward price trend, but the current price is 22% higher than last year.

Wheat maintained its primacy in trading during this week as well. The most interest on the market was expressed for wheat with a higher protein content of 13%. Depending on the quality parameters, wheat was traded in a wide price range, from 276,97 to 289,75 €/t. Contracts for wheat with a minimum of 11.5% protein and takeover in January/February were concluded at 276,97 €/t. The weekly weight is 286,60 €/t. Compared to a week earlier, the price is lower by 2,2%.

A slightly higher activity compared to the previous week was recorded in the soybean market. Since the beginning of the week, there have been price fluctuations of this oilseed, so at the beginning of the week, the contract was concluded at 545,41 €/t, with the calculation of quality. During the week, the price reached last week’s level of 553,93 €/t, but at the end of the week, the contracts were realized at lower prices. The weighted price for this week is 547,54 €/t, which is a decrease of 1,15% compared to the previous week. This price trend was recorded last year as well, when due to weak demand, the price of this oilseed decreased. However, compared to the previous year, the current price of soybeans is lower by 11,8%.

Supply of feed barley with a specific mass of 60kg at a price of 289,75 €/t did not meet with a response from buyers during this week.

2022 #48 (05.12.-09.12.)

Compared to the previous week, an increased volume of trading was noted on the commodity exchange market, due to the more significant activity of the participants. Lower demand compared to supply continues to affect the bearish price trend of cereals and oilseeds. The biggest price fall is recorded for soybean, in which market there was almost no activity. During this week 2.448 tons were traded, with a total financial value of 799.414,68 €.

Since the beginning of the week, there were augmented supply than demand in the corn market. Lower buyers’ interest led to a constant downward trend, so at the end of the week, the contracts for the corn were concluded at a lower level than at the beginning. This cereal was traded from 272,84 to 277,10 €/t. The weighted price was 274,63 €/t, representing a fall of 3,13%.

Wheat was the most traded commodity during this week. Depending on quality, this cereal was traded from 288,18 to 319,73 €/t. There was noticed a bigger supply of wheat with a higher protein, while buyers were most interested in wheat with protein 11,5-12%. The weekly weighted price was 293,47 €/t which is a price drop of 1,44%.

A negative price trend was noticed in the oilseed market. A lack of activity in the soybean market led to a lower share in trading of this oilseed and came back to the price level reached in March 2021. There was a realization of only one contract at a price of 554,20 €/t, which represents the weighted price for this week. At the end of the week, buyers were on the lower price level of concluded one, which indicates a further price fall. Soybean prices marked a fall of 5,80% compared to the previous week. Compared to the last year in the same period, the price is down by 11%.

Of the other commodities, the sunflower meal was more traded than in the previous period. At the beginning of the week, the contracts were concluded at 289,89 €/t, and due to the downward trend, at the end of the week, this meal was traded at 288,18 €/t. Compared to the previous week, this is a fall of 2,40%.

2022 #47 (28.11.-02.12.)

Extremely low turnover was recorded this week on the commodity market. The almost absence of demand and smaller supply on the market led to a lower volume of trading. The prices of all primary agricultural products recorded a negative price trend. Only 800 tons were traded through Produktna berza, with a total financial value of 275.547,21 €/t. Compared to the previous week, this is 4,5 times less turnover.

At the beginning of the week, corn was traded at 289,83 €/t. The almost absence of buyer interest led to lower price levels on the supply side, and in the rest of the week, corn was traded at 277,05 €/t. At the end of the week, supply at 272,78 €/t did not find a response from buyers. The weighted price was 283,44 €/t, which is a fall of 2,18%.

Statistically, the biggest drop in price was in the wheat market. This grain was traded from 294,09 to 319,67 €/t, depending on the quality. During this week, the demand was augmented for wheat with 10,5% protein. On the supply side, dominant was the wheat with protein higher than 13%. The weekly weighted price was 297,67 €/t, which is a fall of 5,94%.

The soybean market was very calm since the beginning of the week. This oilseed was traded at the lowest level in the past four months. The lack of the bigger interest of buyers and low supply led to a bearish price trend. Contracts were concluded at 588,19 €/t, which represents the weighted price. Compared with the previous week, the price is lower by 2,70%.

Sunflower meal was traded at 296,65 €/t. The contract for feed barley was concluded at 291,54 €/t.

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