The passive market, corn downward trend, wheat price increase and soybean stagnation characterize the current movements on the primary agricultural products market scene in the past week on the commodity market. The turnover of only 505 tons is one of the extremely low weekly turnovers recorded on Produktna berza. The financial value was 330.924,50€.
Unlike the previous period, when corn was the dominant culture in trading, during the past week, no sales contract was realized. The corn market fell sharply following Chicago. Improved weather conditions put pressure on prices, as the rain was recorded in the US corn belt for several days. What characterized the price on the domestic market, is the constant change from day to day, which basically followed the world trends. The fall in the price of this cereal was the cause of reduced activity of exporters and traders. On the first day of the week, the offer was at the price level of 221,15€/t and higher. What gives the right to the initial statement is the circumstance that the offers at the very end of the week were much lower (about 212,64€/t), but even such offers did not have an appropriate response on the demand side. The corn market still has a downward trend and that is the main reason for withdrawing customers from the market.
Soybean finds its place on the commodity exchange market even in the period of complete market passivity. Considering that during this economic year we had an extreme year from the aspect of price movements in the form of conspicuous price rises or falls, we can state that this oilseed has maintained a stable level for the third week in a row. The commodity exchange contracts at FCA parity were concluded at a price of 637,93€/t or 644,74€/t at CPT parity. The weighted price was 637,93€/t.
Wheat recorded a bullish trend. The harvest of the crop 2021 is expected to begin in two weeks and a price rise of last year’s crop was not expected. Weak supply was the reason for more intensive demand for purchases from millers, domestic processors and exporters. The consequence of this circumstance is the high price of 204,14€/t, which was registered during this week, which is an increase of 4,58%. Compared to the same period last year (153,10€/t) is an increase of 33,33% was recorded.
The barley harvest is expected to begin next week. Demand ranged in the price range from 157,36€/t to 161,61€/t. However, there were no such offers. It is to be expected that next week, when the harvest intensifies, will bring an acceptable price level for both sellers and buyers.
The rapeseed fell sharply. This decline is in line with the fall in the prices of other oils on the world market, such as palm and soybean. Canola prices have also weakened in Canada in the context of partially improved weather conditions in the south of the country.