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 31st 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.