The first contract for barley in 2021, the fall in the prices of primary agricultural products of corn and soybeans, marked this week on the Commodity Exchange. The total turnover through amounted to 3,610 tons of commodities, whose financial value amounted to 115,993,500.00 dinars.
The barley harvest is in progress. Given the weather, we expect it to be completed next week. Field reports say that the yields are satisfactory (from 5 to 8 t/ha), with good quality. The first contracts were concluded in the price range from 166.71 to 170.12 €/t without VAT. The weighted price was 168,42 €/t without VAT. When we compare the price of this cereal with the same period last year (124,19 €/t without VAT), an increase of 35.62% was recorded.
Unlike the previous week, where no sales contract was realized, this week corn was the most dominant commodity exchange product with a total turnover of 2,960 tons. Commodity exchange contracts at FCA parity for prompt delivery were concluded in the price range from 212.65 to 214.35 €/t without VAT, while corn, with the clause “free stock” until August 31, was traded at prices from 216.90 €/t without VAT. The weighted price was 213.58 €/t without VAT, which is a decrease of 3.51%.
Soybeans, like corn, recorded a negative price trend last week on the organized market. All sales contracts were realized at a single price of 635.39 €/t without VAT. Compared to the previous comparative data, a slight decrease of 0.40% was recorded. However, at the end of the week, offers at a lower price level than the realized ones did not result in the conclusion of a commodity exchange contract due to the complete absence of demand for this oilseed.
The contract for wheat with a minimum specific weight of 77 kg/hl was concluded at a price of 208,39 €/t without VAT. The absence of supply is noticeable on the domestic market, which has influenced this cereal to have an upward trend of 2.08%. On the demand side, more activity was shown by domestic processors and millers. The harvest of the new crop of wheat is expected to begin in early July. Forward demand at parity FCA Vojvodina, with the delivery of commodity in harvest, was at the price level of 170.00 €/t.
The purchase contract for rapeseed, with the planned delivery of goods during this week at the parity of FCA, was registered at a price of 480.00 €/t.