On the market, at the beginning of the week, all commodities prices had a downward trend, with the most prominent soybean price fall of 10%. Total turnover for this week was 3.025 tons of commodities, which financial value was 894.412,33€.
Corn market during the last week was turbulent, it marked a downward price trend at the beginning of the week. What characterized the price on the domestic market is the constant daily oscillation, which basically followed the trends of world trends. At the beginning of the week, corn was traded at the price of 221,13€/t and at the end of the week, trading was in the price range from 210,07€/t to 216,88€/t. The weighted price was 216,03€/t, which is a decrease of 3,80%.
In the case of soybean, the fall in prices was most prominent. This trend has been very noticeable in the past week. As with corn, so with soybean, world trends have an impact, but the price drop was influenced more by an internal factor. The complete absence of demand for the third week in a row, led to the fact that this oilseed recorded a sharp drop of 9,94% compared to the previous comparative data. Contracts were concluded at the price of 654,88€/t. However, at the end of the week, the supply was at a lower level than concluded. Compared to the same period last year, the price is higher by 85,10%. Forward demand for soybean at parity FCA Vojvodina ranged from 481,00€/t to 490,00€/t. However, due to significant price oscillations, supply is still lacking on the commodity exchange market.
Wheat prices also weakened on both, international and domestic market, and the decline in the prices of this cereal was accompanied by the movement of corn, which remained the leader in the market dynamics. The realization ranged in the price range from 191,36€/t to 193,06€/t, with a prominent tendency to fall.
Rapeseed price also had a bearish trend, but the EU’s balance sheet will remain in large deficit next season.
Rapeseed, the commodity which had the highest volatility in last months, marked drop in the context of higher oil supply and improved weather conditions in Canada. Contracts for delivery in the harvest were concluded from 470,00€/t (FCA Bačka) to 480,00€/t (CPT Bačka).
Sunflower meal with 33% protein was traded at a price of 340,20€/t.
Unlike the domestic market, all commodities price increase shows extreme volatility at international markets last day of this week. That is connected with the intensive activity of financial funds, because the fundamental sheet was not changed.