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.