Unstable market marked the last week on Produktna berza. Corn recovered after last week’s drop, soybean continued to decrease, while the wheat recorded a slight increase. Total turnover for this week was 4.635 tons of commodities, which financial value was 1.138.169,35€.
After last week’s bearish movement, corn recovered due to increased export demand. Weather conditions, primarily on the American market, influenced a positive price movement, with a clear upward trend. Corn was traded in the price range from 216,90€/t to 223,70€/t. The weighted price was 222,51€/t, which represents an increase of 2,97%.
Due to increased demand, wheat recorded a positive price trend. Wheat buyers, besides the exporters, were feed processors and millers. Contracts for wheat were concluded in a very narrow price range from 195,63€/t to 196,48€/t. The weighted price was 195,97€/t, and compared to the previous week, the price is higher by 1,97%.
It is interesting to note that the forward prices of corn and wheat equalized at the level of 185,00€/t, at the parity of CPT Danube port.
After the last week’s strong decrease, this week, soybean continued to a downward trend. This fall in the price is the consequence of movements on foreign markets. The demand absence for this oilseed has constantly pushed the price down. Soybean was traded in the price range from 638,78€/t to 646,43€/t, with a clear downward trend. The weighted price this week is 642,60€/t. Compared to the previous data, the price is lower by 1,88%.
The forward demand for rapeseed at the parity of Vojvodina with the delivery of commodities in the harvest was at a price level of 500,00€/t. However, no contracts were concluded.