This week on Produktna berza marked wheat price increase, while corn and soybean did not have bigger price oscillation. Total turnover was 2.700 tons, which financial value was 626.076,59€. Statistically, the turnover volume increased by 43,24%, while financial turnover increased by 19,18%.
Increased customer interest in wheat was noticeable at the beginning of the week, which moved the price in a positive direction. Wheat with better quality, with a minimum protein of 13%, was traded at a maximum price of 187,14 €/t, while wheat with poorer parameters was traded in the price range from 178,63 to 180,33€/t. The weighted price was 184,59 €/t, which is an increase of 7,45% compared to the previous week. In the world, in the USA and Canada, spring wheat has failed due to drought. News is also coming from Russia that the yield of spring wheat is worse compared to the previous year.
Unlike wheat, corn had a downward price trend. Contracts for corn were concluded in the price range from 208,41 to 210,96 €/t. Demand during the week was weaker than supply, which resulted in a slight drop in prices. The weighted price was 208,83 €/t, which is a decrease of 1,81% compared to the previous period.
For the soybean market, we can say that it was calm, price oscillations were minimal. Buyers were at last week’s prices, while sellers were restrained. Soybean was traded at a single price of 599,70 €/t, which also represents a weighted price of +0,71%.