In the week behind us, on Produktna berza, there were no significant price oscillations of corn and soybean, while at the end of the week, the demand for wheat was at higher prices. The total turnover amounted to 2.195 tons, while the financial value amounted to 526.037,00 €. Statistically, the turnover volume is lower by 18,70%, while financial is lower by 15,97%.
When we compare the weighted prices, wheat did not oscillate significantly compared to the previous week. Wheat contracts were concluded at 182,87 €/t, which also represents the weight price, +0,90%. However, at the end of the week, the demand for this grain was around 195,63 €/t, while demand for commodities brought to the port was at the level of 199,89 €/t. The sellers were not interested in selling through the commodity exchange, which indicates a price rise. The USDA report had the greatest impact on the increase in demand at higher prices due to the news of global production, which decreased by 2%, due to lower yields in Russia, Canada, Turkey, Kazakhstan, and the USA. Global consumption is almost unchanged from the previous report. Supplies were reduced by more than 5% compared to the previous forecast and were lowered to the lowest level in 5 years.
At the beginning of the week, the impression was gained that the corn price would rise, trading took place at the level of 207,54 €/t, but during the week, corn had a negative trend. Corn with the CPT buyer clause was traded at 206,69 €/t. Compared to last week’s data, the weighted price remained almost at the same level, -0,60%.
Soybean remained at the same level as in previous weeks. Soybean was traded in a narrow price range from 597,96 to 599,66 €/t. The weighted price was 599,06 €/t, which is a minimum oscillation of -0,09%.
Feed barley was traded at a price of 174,37€/t.