Corn and soybean prices increase, as well as the wheat price stagnation, marked the past week on Produktna berza, Novi Sad. Total turnover was 1.681t of commodities, which financial value was 576.704,17€.

Corn continued to mark positive trends again. Corn was traded at the price range between 191,37€ and 193,92€/t, while contracts for commodities delivered to port were concluded between 195,62€ and 197,32€/t. The weighted price was 192,64€, and compared to the previous week, corn price is higher by 2,49%.

Wheat was traded at a single price of 193,92€/t, which is also the weighted price. Compared to the previous data, wheat maintained at the same level (0,00%). It is important to note that the wheat price is almost at the same level as the corn price.

Soybean ranged in price between 508,61€ and 527,32€/t. The highest achieved price of 527,32€/t represents the 8-year maximum, which was last recorded in April 2013. The weighted price was 517,12€/t, which is an increase of 1,76%.

Sunflower meal, with min 33% proteins was traded at 289,18€/t.

Soybean meal, with min 44% proteins was traded at 544,33€/t.

UREA, delivered to the buyer was paid 339,95€/t.

Fodder flour, package 30/1 was traded at 148,84€/t.

In the shortened working week (due to the national holiday), there were no significant price deviations of corn and soybean on Produktna berza in Novi Sad, while wheat recorded a negative trend. The total turnover amounted to 2.025t of commodities (-32,95%), which financial value amounted to 427.679,28€ (-45,91%).

Corn remained at last week’s level. Contracts were concluded at the price range from 187,12€ to 189,12€/t, while the contracts for commodities delivered to the port were concluded at 191,37€. The weighted price was 187,97€, which is the same as in the previous week.

The higher wheat supply has moved the wheat price down. Wheat was traded at 193,92€/t, which is also a weighted price. Compared to the previous data, the wheat price was lower by 2,15%.

This week, soybean was absent from trading on the commodity exchange market. Soybean demand at 506,07€ and supply at a slightly higher price than 514,57€/t did not result in the commodity exchange contract conclusion.

This week, on Produktna berza, we can say that has recorded stagnation of primary agricultural products prices. After the turbulent period from the beginning of the year, the last week passed with minimal price deviation. Total turnover for this week was 2.920t of commodities, which financial value was 772.240,98€.

Corn was traded in the range of 187,11 to 191,36€/t, while contracts for corn delivered to the port were concluded from 193,91€ to 194,76€/t. The weighted price was 188,38€, which is almost unchanged compared to the previous week. Despite the current stagnation, corn prices are at a record high. Last year, the corn price in the same period was 133,53€. Compared to the current price, it is higher by 43,31%.

Wheat was traded at 198,16€. In comparison with the previous data, the wheat had a minimal deviation of -0,85%. At the end of the week, wheat supply was at lower prices than realized.

Soybean also maintained a stable price level with minimal deviation. Soybean was traded from 506,04€ to 510,29€/t. The weighted price was 508,17€. Compared to the previous week, the price is lower by 0,34%.

Sunflower meal, with min. 33% protein, was traded at 289,17€.

NPK 16:16:16, delivered to the buyer was traded at 308,73€.

Positive price trends of primary agricultural products have continued since the beginning of the year, although there has been a reduced trading volume on Produktna berza in Novi Sad. In addition to corn, wheat and soybeans, there is great interest in mineral fertilizers, given that the time of winter crops fertilising is approaching. The total turnover for this week amounted to 2.240t of commodities, which financial value amounted to 706.461,51€.

During the last week, corn was traded at the price range between 187,11€ and 191,36€/t, while the commodities delivered to the port were paid 193,06€/t. On the international market, China has continued to buy corn. The weighted price was 187,96€/t. Compared to the previous week, the price is higher 1,75%.

Wheat has remained at almost the same price level since last week. Wheat was traded at 199,87€/t, which is also a weighted price. Compared to the previous data, the price oscillated minimally -0,35%. The main news from the foreign market related to wheat comes from Russia, which confirmed the introduction of export duties for commodities from June this year.

After a turbulent period, we can say that this week, the soybean price has stabilized. Soybean grain was traded in a very narrow price range from 506,04€ to 508,59€/t. The weighted price was 506,47€/t. Statistically, compared to the previous week, the price was higher by 2,02%.

UREA was traded at 330,93€/t, while the commodities delivered to the buyer were realized at 335,01€/t.

Artificial fertilizer AN was realized at 240,69€/t.

At the very end of the week, corn and wheat record prices from 2013. were registered on Produktna berza. After the strong price increase of corn and soybean since the beginning of the year, this week the marked calmed down, and at the very end of the week, the prices of these cereals climbed to the maximum this season. Although the turnover was lower compared to previous week, it is still at an extremely high level for this time of the year. The total turnover amounted to 4.747t (-39,9%), which financial value amounted to 1.119.500,93€ (-59,41%).

Corn was quantitatively the most dominant culture in trading with a turnover of 3.375t. At the beginning of the week, the prices dropped, but at the end of the week, they experienced a recovery, rising to the level of 187,12€/t, which is the highest price since May 2013. Trading took place in the range from 178,62 to mentioned 187,12 €/t, while commodities with clause CPT port were paid from 191,37 €/t. The weighted price was 184,74€/t. Statistically, corn recorded a decrease of 0,57% compared to the previous week.

Wheat has recorded the maximum price at the very end of the week, when is traded at 208,39€/t, which is the highest price since March 2013. Wheat with minimum 13% protein, this week was traded at price range from 199,88 to 208,39€/t, while the weighted price was 200,56€/t. Unlike corn and soybean, wheat recorded a positive price trend of 2,51%.

This week, soybean recorded decrease. Soybean was traded at price range from 493,32 to 501,83€/t. The weighted price was 496,47€/t. Compared with the last week, the price was lower 1,82%.

Feed barley was traded at the unique price of 174,36€/t.

Feed flour (package 30/1) was realized at 155,65€/t.

Since the beginning of the year, the positive price trends have continued for the most traded commodities – corn, wheat and soybean. This week, soybean was the leading crop in terms of rising price. Total turnover for this week was 7.899t of commodities, which financial value was 2.757.843,85€.

Corn prices continue to rise. Corn contracts were closed at price range from 182,86€ to 187,11€/t, while the contracts for CPT port were closed between 190,51€ and 193,07€/t. What may affect the further growth of prices are the requests of certain countries to regulate the corn export, such as the request of animal feed producers in Ukraine. The weighted price was 185,75€/t. Compared to the previously observed period, the price is higher by 3,69%.

Wheat was traded at the unique price of 195,62€/t, which represents the weighted price. The wheat price increase was again impacted by the news from Russia that it will additionally increase the export taxes that have already been introduced. Compared to the previous week, the weighted price is higher by 3,23%.

At the beginning of the week, the soybean recorded a strong increase, the highest price reached 510,31€/t. At the end of the week, there was a drop in this oilseed prices and trading took place at the price of 501,80€/t. The weighted price was 505,63€/t. Compared to the previous week, the price increased by 6,64%.

Sunflower meal with minimum 33% protein was traded at the price range between 284,92€ and 293,43€/t.

UREA was realized at the price of 304,99€/t for CPT and at the end of the week, that price was paid for FCA.

The beginning of the year brings a strong price increase of primary agricultural products – corn, wheat and soybeans. The price rise was accompanied by an increased volume of turnover on the Produktna berza in Novi Sad. The leading grain, according to the price rise, was corn with over 12%. The total turnover for this week amounted to 8.057t of goods and financial value amounted to 1.826.005,34 €.

Compared to the end of the year, when the market calmed down, the beginning of the year brings a strong corn price increase. Contracts were closed from 165,49€ to 185,01€/t. The highest achieved price of this grain, on the parity CPT buyer, was 188,41€/t.  The cause of the growth in the domestic market is a direct consequence of events in foreign markets. The weighted price was 178,73€. Compared to the previously observed period, the price is higher by 12,05%.

Wheat was not as an attractive commodity in the trade as corn. Wheat was traded between 186,71€ and 192,65€/t. The weighted price was 189,09€. Compared to the previous comparative period, the price is higher by 6,57%.

Last week, increased soybean demand from domestic traders has constantly moved this oilseed price. Soybean contracts were closed in the price range from 458,28€ to 487,99€/t. The weighted price was 474,32€, which is an increase of 7,49%. Increased soybean demand continued at the end of the week.

Sunflower meal, with minimum 33% of protein, was traded at a single price of 263,09€/t. However, demand at the end of the week was at slightly higher prices.

Soybean meal, with minimum 44% of protein, was traded at 521,93€/t.

Feed barley was in a narrow price range between 173,98€ and 176,52€/t. The weighted price was 175,93€.

UREA, Russian, package 25/1, was realized at prices from 290,25€/t for the parity FCA to 311,46€/t for the parity CPT.

Reduced activity in the last week of the year is common for physical markets. This was also the case at Produktna berza in Novi Sad, where the extremely weak activity of commodity exchange participants was recorded. The total turnover amounted to only 145t of commodities, whose financial value amounted to 70.539,09€.

Corn has maintained a stable price level. Weak demand at slightly higher prices than last week did not result in realization due to weak supply. Official corn price on 31^st December was 159,89€/t. Compared to the same period last year, this cereal price is higher by 27,03%.

Wheat, as well as corn, recorded an absence from trading due to operators weak activity. The last registered wheat price was 177,84€/t. Observing the wheat price in relation to the same period last year, it is higher by 10%.

Soybean was traded at a single price of 442,25€/t, which is also a weighted price. Compared to the same period last year, this oilseed price is 35,77% higher.

After the comparison of data in 2020 against 2019, we can conclude that the past year in the cereals and oilseeds markets was extremely turbulent in price and was in favour of agricultural producers. Current developments in world markets continue to move in a positive direction, but it remains to be seen what 2021 will bring.

Before the Christmas and New Year holidays, there was a reduced activity of trading operators, both in international and in the domestic market. Due to lower activity, positive price trends were recorded. This week, total turnover on Produktna berza amounted 1.750t, which financial value was 415.504,24€.

At the beginning of the week, corn has been at the same price range as the previous week. Contracts were closed at unique price 159,90€/t. At the end of the week, demand for this cereal was at the higher price than realized.

Due to events in international markets, above all in the wheat market in Russia (export duties for wheat), wheat had an upward trend. The price was between 175,21€/t and 178,62€/t, while feed wheat (min. specific mass 70kg) was traded at 166,71€/t. The weighted price was 177,85€ which is an increase of 1,82%.

Events with oilseeds in international markets have continued to dictate the price in the domestic market. Soybean was traded at a price range between 429,53€/t and 442,29€/t.  The weighted price was 435,14€. Compared to the last comparative period, the price was higher 1,35%.

Corn and soybean prices increase marked last week on Produktna berza. The end of the year gives a reduced operator’s activity on the market. Total turnover for this week was 1.248t, which financial value amounted 343.553,87€.

After a couple of weeks of continued decrease, this week marked price correction on the corn market, due to low supply. Contract with clause free stock until 31^st of January closed at the price of 159,90€/t, which is the weighted price this week. In comparison with last comparing data, the price is higher 3,30%. Although the statistical data shows the bullish trend for this cereal, it is important to note that the export demand is still small.

On the international market, oilseeds prices have increased, so soybean and rapeseed prices are on their multi-year high, caused higher crusher activity, lower supply and fears about the next soybean crop in Brazil. Soybean marks positive trends in the domestic market, fuelled by events in the international market. Contracts were closed in a very wide price range between 425,27 and 438,03€/t. In comparison with previous data, this oilseed price is higher 1,03%.

Wheat is absent from trading due to lower supply. Wheat demand at the price range of 176,06€/t on Vojvodina parity and 182,87€/t CPT port did not result in contract closure.  The wheat upward trend worldwide was impacted by good export demand, reduced ending stocks estimation and implementation of Russian taxes on wheat export.

Barley crop 2020. traded at price 159,90€/t.

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