Reduced activity of commodity exchange participants, a first forward contract for rapeseed and a slight drop in the price of corn marked the past week on the Produktna berza. The total turnover for this week amounted to 2,248 tons of goods (-51.50%), whose financial value amounted to 975,093.27 € (-14.33%).
During the week, corn had a slight increase, and then a drop in price. Commodity exchange trading started with the price from 223.71 €/t (FCA) to 225.41 €/t (CPT), but at the end of the week the registered price was 221,16 €/t without VAT. This price trend is completely correlated with developments in the reference world and regional markets. The weighted price was 221,33 €/t without VAT which is a decrease of 0.51%. When we compare the price of this cereal with the same period last year, an increase of 66.67% was recorded.
Soybeans were traded in the price range from 637,96 to 663,48 €/t without VAT. While passivity is still present on the domestic market, we can state that this oilseed does not record a further price drop, which was very pronounced in the previous month. How much soy is in its high market position is best shown by the data in relation to exactly a year ago, where an increase of 80.95% was recorded. This economic year for this oilseed can be characterized as the year with the best financial effect and the most profitable culture.
We are registering price stability on the wheat market. Commodity exchange contracts were concluded in the price range from 194,79 €/t to 195,64 €/t without VAT. Price changes, compared to the previous week, were in the range of only -0.38 percent. At the end of the week, the interest in wheat by domestic millers and processors increased. The harvest of the new crop of wheat is expected at the end of June, and now all activities are subordinated to the harvest campaign. Forward demand at the parity of the CPT port with the delivery of goods in the harvest, was at a price level of 185.00 €/t.
At the beginning of the week, the price of rapeseed continued to rise, following soybean oil and canola on foreign exchanges. Purchase contract for rapeseed, with a clause of 10% advance payment, with scheduled delivery of goods from 15.06. to 20.07.2021 at the parity of the CPT South Backa, was registered in the amount of 1,000 tons at a price of 525.00 €/t. At the end of the week, the price was lowered, following the palm and canola in Canada, as a result of the recent rains in the south of that country.