Last week on Produktna berza was characterized by an increase in turnover. The total turnover for this week amounted to 6.213 tons of commodities, which financial value amounted to 1.532.706,45€.
Although the largest volume primacy of the total turnover on the commodity exchange market refers to the new crop of wheat, we can state that the market has not yet opened in accordance with the demand needs. The wheat harvest in Vojvodina is coming to an end, which further increases the pressure on the supply side. Depending on the quality and takeover speed, contracts were concluded in a wide price range from 165,86 to 178,62€/t. The weighted price was 173,01€/t.
At the beginning of the week, corn price increased, but at the end of the week, a decrease was recorded. The trading started at a price of 221,15€/t to 223,71€/t, with a takeover during July. At the end of the week, corn realization with clause “free stock” until 31st July/10th August, was in a very narrow price range from 218,60€/t to 219,45€/t. Price on the domestic market has followed worldwide trends. The weighted price was 220,47€/t. Regardless of the fact that a downward trend was recorded at the end of the week, this cereal price is higher by 3,55%.
On the soybean market, there is a noticeable lack of demand, which was manifested through one concluded contract in the amount of 100 tons at a price of 633,69€/t. Compared to the previous week, a decrease of 0,27% was recorded. What worries agricultural producers the most is the current condition of crops due to unfavorable weather conditions, i.e., lack of precipitation.
Feed barley has been constantly present on the market since the beginning of the harvest. The contracts were concluded in the price range from 165,44€/t to 167,57€/t. The weighted price was 166,89€/t, which is a decrease of 0,93%. We can state that this cereal has maintained a stable price level in relation to the previous comparative data.
Rapeseed continues to show volatility. At the beginning of the week, the price weakened significantly, and at the end of the week, this oilseed had an upward trend, which benefited from the increase in the price of canola. The threat of a disappointing gender in Canada has supported the market for a new crop. Realization through Produktna berza ranged at the price level of 512,00€/t to 515,00€/t.