During the week behind us, there was an increased activity of commodity exchange participants compared to the previous week. The main reason is the jump in the wheat price, which was the most sought-after commodity. The total turnover amounted to 3.267 tons, which was 243,92% more than the previous week, while the financial value of traded commodities was higher by 249,58%.
In the structure of turnover, the dominant place was occupied by wheat with a total turnover of 2.657 tons. At the beginning of the week, wheat was the primary agricultural product that had the most upward trend in Chicago. Developments on the international market and the influence of prices in the world, as well as internal factors on the domestic market, have led to this cereal recording a positive price trend. Purchase contracts for spot delivery, depending on the quality of the commodities, ranged in a very wide price range from 165,88€/t to 175,23€/t. The biggest interest was in the purchase of wheat, with the clause “free stock” until 30th September, and all contracts were concluded at a price of 178,64. Compared to the previous week, the price is higher by 1,41%. At the end of the week, the market calmed down and supply increased in relation to demand.
The corn market is calmer compared to the previous period. The complete absence of export demand for this grain led to a price drop of 1,16%. This is evidenced by the fact that one contract was concluded at a price of 216,92€/t, which is also this week’s weighted price. Until the end of the week, the offer ranged in the price range from 215,21€/t to 221,17€/t, depending on the speed of the takeover.
In the case of soybeans, the price drop was the most conspicuous. This trend has been very noticeable in the past week. Contracts were concluded in the price range from 603,96€/t to 608,22€/t, with a clear tendency of a negative trend. Compared to the previous comparative data, the price is lower by 4,62%. Regardless of the downward trend, unlike the previous two months where there was complete passivity in the market, this week brought changes in the form of more conspicuous demand for this oilseed.
Rapeseed, at parity FCA Bačka, SRPS quality with quality calculation, was traded at the price of 512,00€/t.
Verica Popov, broker