Last week at Produktna berza marked a corn price increase and first concluded forward contract for new crop wheat. Total turnover was 5.377t of commodities, which financial value amounted to 1.511.580,06€.

Corn was the most dominant commodity in trading, followed by a price increase due to augmented demand. Corn was traded at the price range from 221,12€/t to 231,33€/t. A historical maximum of 232,18€/t was marked last time in September 2012. The weighted price was 228,44€/t. Compared to the previous week, the price is higher by 5,59%.

The first forward contract for wheat 2021 with delivery from 1st to 31st July 2021, was concluded at the price of 178,60€/t. Wheat with lower protein, minimum 10,5%, crop 2020, was traded at the price of 195,61€/t. However, demand for wheat medium and high quality at a price of 204,11€/t did not result in the contract conclusion.

After the constant growth, soybean marked a price correction. The highest soybean price was marked in April and amounted to 724,60€/t, while this week soybean was traded at the price of 714,40€/t, which represents the weighted price.

Sunflower meal with a minimum of 33% protein was traded at a price of 314,68€/t.

Concluded forward contracts for corn crop 2021, the stable price level and soybean stagnation marked last week on Produktna berza. Total turnover was 5.100t of commodities, which financial value was 1.300.879,28€. Yesterday’s session was full of movement, especially in Chicago, where the prices ranged between significant increase and decrease at the close. This illustrates the uncertainty affecting traders, regarding the weather situation which seems to be slightly improving in the US but remains very worrying in Brazil.

Corn was quantitatively the dominant crop in trade with a total turnover of 4.100t. The price growth on the international market at the beginning of the week is one of the factors that influenced the movement of prices on the domestic market. Contracts at FCA parity were concluded in the price range from 212,61€/t to 221,12€/t. The end of the week brings a price calming and a higher offer in relation to the demand. The weighted price was 216,35€, which is an increase of 5,45% compared to the previous week. The forward contract for corn crop 2021 at the parity FCA South Bačka was concluded at a price of 179€/t, with the delivery of commodities from 1st October to 15th November 2021.

Soybean, after several weeks of consecutive growth that were monitored daily, recorded price correction. There was no significant pressure on the demand side of the soybean market, which caused the conclusion of one contract at a single price of 724,58€, with deferred payment.

Wheat has maintained a stable price level. The contract was concluded at a price of 204,11€, which is also this week’s weighted price. Unlike last week when this grain was in demand, this week brings changes in the form of reduced export demand and a good supply of millers.

Rapeseed prices continue to show exceptional volatility. After last week’s price maximum, this week saw a slowdown in prices following soybeans and canola, despite the fact that the areas announced by StatCan at the beginning of the week were smaller than expected. The demand was at the price level of 455€/t.
The cold April days are not in favor of agricultural producers, which prevented the timely sowing of most of the planned agricultural crops. In addition to delays, sowing will have to be repeated on some fields due to problems with crop emergence. Farmers expect that the weather conditions will stabilize in the coming period, so that the sowing would have been completed at the optimal time.

A strong increase in the primary agricultural product prices was recorded on the domestic market. Corn and soybean prices reached an eight-year high last week. The upward price trend is in the context of increasing weather risks for spring crops in the United States (soybean and corn). The total turnover amounted to 6.899t of commodities, which financial value amounted to 2.161.761,49€.

Increased export demand is constantly shifting the corn price in a positive direction. FCA parity contracts with the delivery of commodities in April/May were realized in the price range from 201,57€/t to 212,62€/t, which is an increase of 4,13%. Compared to the same period last year, the price of this cereal is higher by 58,23%.

The growing trend of soybean prices continued during this week. This oilseed experienced strong price oscillations during April, which were monitored daily. Contracts were concluded at 680,39€/t at the beginning of the week, and at the end of the week, it reached a price of 722,92€/t. The weighted price was 705,48€/t. Compared to the previous week, the price is higher by 6,87%, and compared to the same period last year, the price is higher 97,67%.

Unlike the previous period when wheat had lower demand, this week brings changes in terms of higher demand and price increase. Depending on the quality parameters, this cereal was traded in a wide price range from 187,11€/t to 208,37€/t. Compared to the previous week, the price is higher by 7,67%. The prices for crop 2021 continued to grow following the corn in Chicago. This product stays the leader of the cereal market dynamic. Forward demand was at the price level of 172,65€/t with delivery during July on parity FCA Vojvodina. However, supply did not adequately respond to demand.

As far as forward contracts are concerned, the best performance was achieved by rapeseed, still in the context of weak expected yield, very stretched balance sheets and strong oil prices. Demand was at the price level of 460€/t, with a clear tendency of price growth throughout the week.

Augmented oilseeds and cereals demand has brought to increase and record prices of all agricultural products. Total turnover was 5.555t of commodities, which financial value was 1.993.551,72€.

During this week, soybean price volatility was extremely high. Weak supply led to high daily oscillations. From the beginning of the harvest, this oilseed price has started to grow constantly, which has led to record high prices that no one expected for this period of the year. Commodity exchange contracts were concluded from 646,49€/t at the beginning of the week, and at the end of the week, it reached the price of 680,51€/t which is the highest achieved soybean price ever recorded. The weighted price was 660,27€/t. Compared to the previous data, the price is higher by 8,72%.

Unlike the previous period, when corn was in low demand in the domestic market, this week brings changes in the form of strong demand and rising prices. This cereal basically follows the trends of world prices, so the upward trend in the corn price was influenced by export demand. FCA parity contracts with the delivery during May were realized at the price level from 197,35€/t to 199,90€/t, which is an increase of 0,72%. At the end of the week, demand for the parity CPT Danube ports, with the delivery of commodities during May at the price of 201,60€/t, did not result in the conclusion of the commodity exchange contract.

The wheat market was more active compared to the previous period. Commodity exchange contracts were concluded in a very narrow price range from 182,89€/t to 183,74€/t, which is an increase of 0,67%. Compared to the previous week, this cereal remained almost at the same price level. There are two months left until the harvest of the new wheat crop and the forward demand for the new crop was at the price level of 165,88€/t.

We have a new season ahead of us as far as sunflowers are concerned. April is the month for this oilseed sowing. The forward contract for sunflower crop 2021 in the amount of 1.000t was realized at a price of 415€/t in dinars on the day of delivery at the middle exchange rate of the National Bank of Serbia, with delivery during September. Compared to the previous week, the price of this oilseed is higher by 1,22%.

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.

Last week on Produktna berza, in trading focus were forward contracts for corn and sunflower new crop. Total turnover was 3.875t of commodities, which financial value was 1.340.257,17€.

There was a drop in prices in the corn trade at the beginning of the week, and at the end of the week, after the USDA report on quarterly stocks and planned sowing by producers in the USA, the price recovered. Trading was in the price range between 191,38€/t and 198,18€/t. The first forward contract for the corn crop 2021, with delivery in October, was concluded at the price of 155,00€/t. The weighted price for this week was 194,61€/t.

Wheat with a minimum of 12% protein was traded at 187,12€/t at the beginning of the week. At the end of the week, the offer was at a much lower level, while there were no buyers.

Soybean continued to reach positive trends. Soybean was traded in a wide price range from 561,37€/t to 582,63€/t with quality calculation. The weighted price was 571,15€/t. In comparison with the previous data, the price is higher by 0,80%.

Sunflower crop 2021, with the payment and delivery at harvest, was a sought-after commodity. Forward contracts were concluded at a single price of 410,00€/t. Demand for this oilseed has continued at this price.

The wheat price decrease, first concluded forward contract for wheat crop 2021, soybean price increase and corn price stagnation marked the events on Produktna berza in Novi Sad. Total turnover amounted to 2.240t of commodities, which financial value was 730.026,89€.

Wheat recorded a sharp decline. Wheat price was in the narrow price range from 182,86€ to 183,71€/t. The first forward contract for wheat crop 2021 was concluded at the price of 170,10€/t, with delivery from 1^st July to 31^st July 2021. The weighted price was 183,62€/t. Compared to the previous period, the price is lower by 5,31%.

Corn maintained the level from last week without significant oscillation. Corn with clause CPT buyer was traded at 198,16€/t, while the corn with higher moisture up to 18% was traded at prices from 185,41€/t to 188,81€/t.

After the short stagnation, the soybean marked positive trends again. Soybean grain was traded in the price range from 561,32€/t to 574,08€/t. The forward demand for soybean crop 2021 at 415€/t, with delivery and payment from 1^st September to 15^th October 2021 did not result in realization. The weighted price was 568,64€/t. In comparison with previous data, the price oscillated +1,10%.

Feed barley crop 2020 was traded at 194,76€/t.

Sunflower meal, with a minimum of 33% protein, was traded in the narrow price range from 292,57€/t to 293,42€/t.

The demand for sunflower new crop 2021 at prices from 400€/t, with delivery during the harvest, did not result in a contract conclusion.

The grain market did not change a lot in comparison with the previous week. Exporters low activity maintained the prices of primary agricultural products almost at the same level. Total turnover was 1.550t (+6,24%), which financial value was 430.884,11€.

Corn was traded at the price between 193,90€ and 195,60€/t, while corn delivered to the port, with delivery until the end of April was traded at 199,01€/t. The weighted price was 194,58€. Compared to the previous week, the corn price oscillated -0,76%.

The wheat market still marks the absence in trading at commodity exchange. Domestic wheat prices do not suit exporters, so demand is weak. The last registered price of wheat is 193,90€/t.

Soybean after the record high prices, that reached 9-year maximums in the last three weeks, this week recorded significantly low trading volume and price stagnation. Contracts for soybean were concluded from 561,30€/t to 565,55€/t. The weighted price was 563,43€/t. In comparison with previous data, the price slightly oscillated +0,29%.

Feed barley, crop 2020., was traded at the price range from 187,10€ to 191,35€/t.

Sunflower meal, with min 33% protein, was traded at the single price of 293,41€/t.

At Produktna berza, the soybean continued to record its highs third week in a row. Corn marked an increase, that represents its 9-year maximum, while the wheat market was passive. Total turnover for this week was 1.459t of commodities, which financial value was 527.353,75€.

Corn was traded at the price range from 193,93€ to 197,33€/t. The highest achieved price of 197,33€ was last time registered in December 2012. The weighted price was 196,14€. Compared to the previous week, the corn price is higher by 2,02%.

The wheat market continued its passivity. Exporters are not interested in buying at current prices. The last registered wheat price is 193,93€/t, which is lower than the corn price this week.

Soybean again marked record-high prices. Soybean was traded at a price range between 557,11€ to 565,62€/t. The last time the price of 565,62€/t was recorded in July 2012. The weighted price was 561,88€. Compared to the previous data, the price is higher by 4,48%.

Feed barley was traded at a single price of 181,17€/t.

This week on Produktna berza was marked by an increase in the price of soybean, which reached its 9-year maximum, while corn and wheat oscillated minimally. The total turnover for this week was 2.168t of commodities (+28,97%), which financial value was 608.762,44€ (+5,56%).

Contracts for corn were concluded in the price range between 190,51€ and 193,91€/t, while the contracts for commodities delivered to the port were concluded at 197,31€/t. The weighted price was 192,21€/t. Compared to the last week, the corn price oscillated minimally by -0,22%.

The wheat market was passive. Buyers were willing to pay 193,91€/t, but sellers were at slightly higher prices, so there was no realization.

Soybean ranged from 531,56€/t at the beginning of the week to reach the price of 544,31€/t at the end of the week. The last time, the price of 544,31€/t was reached in October 2012, which represents this oilseed’s 9-year maximum. The weighted price was 537,68€/t. Compared to the previous comparative data, the price is higher by 3,99%.

Feed barley was traded at a single price of 176,90€/t.