Market participants lower activity and price decrease of agricultural products, corn, soybean and wheat, marked last week on Produktna berza. Total turnover for this week was 2.550t of commodities, which financial value was 654.657,83€.
After last weeks’ price maximum in the current economic year, the corn price marked price decrease. 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 cereal having a negative price trend. Contracts were concluded in the price range from 221,11€ to 229,62€/t, with a marked tendency of falling prices. The weighted price was 224,51€/t, which represents a decrease of 2,98% in comparison with the previous week. Compared to the same period last year, the price is higher by 62,50%.
The soybean market was calmer compared to the previous period when this oilseed was the sought-after commodity. The complete absence of demand led to a drop in the price, which is shown by the fact that at the beginning of the week one contract was concluded at the price of 724,57€/t with a deferred payment at parity CPT North Bačka. At the end of the week, the offer was at a price level from 710,11€/t to 714,36€/t, for commodity takeover during June. Forward demand for soybean crop 2021 at parity of FCA Vojvodina with the delivery of commodities in the harvest, ranged in a wide price range from 486,00€/t to 505,00€/t. However, the sales contract was not realized. On the European market, despite the context that has been announced as tense for the new crop, the price of oilseeds remains correction subject due to the recent easing of the prices of soybean, canola and palm oil.
Wheat had a downward trend throughout the week. The downward trend observed in the past two weeks has brought wheat prices on Euronext to the level of last month’s prices. The absence of export demand and a good supply of the domestic market have led to the passivity on the domestic market. Contracts were realized in the price range from 197,30€/t to 204,10€/t. The weighted price was 197,90€/t, which is a decrease of 1,39%. In anticipation of the wheat harvest in 2021, there was more interest in forward trading. Demand was at the price level from 170,00€/t to 175,00€/t at parity FCA Vojvodina, while the offer was at a higher price level of 180,00€/t.
Sunflower meal with 33% of protein with takeover until 30th June was traded at a price of 340,17€/t.
Feed barley, SRPS quality, was traded at the price of 199,85€/t.