The increased activity of the commodity exchange participants, rising prices of wheat and corn are characteristics that were current on the market scene of primary agricultural products in the past week. The total turnover for this week amounted to 3.860 tons of commodities, which financial value amounted to 876.988,54€.
Wheat was the most sought-after primary agricultural product. At the beginning of the week, the markets grew sharply. The diverse situation observed in France and other European export countries, when it comes to quality, has influenced the fact that this cereal has an upward trend on the domestic market as well. On the first day of the week, sales contracts were concluded at a price of 199,87€/t. Weak supply was the reason for more intensive demand for purchases from exporters, domestic processors and traders. In the middle of the week on Euronext, a sharp drop in the price was recorded, so that at the end of the week, the market showed volatility and thus compensated for the loss. The consequence of this circumstance is a high price of 205,83€/t, which was registered at the end of the week. On the last day, demand at a higher price level than realized did not result in the conclusion of a commodity exchange contract, which indicates a positive trend. The weighted price was 202,77€/t, which is an increase of 10,88% compared to the previous week.
Low corn supply and augmented demand from domestic processors, led to a price increase of 1,90% compared to the previous comparative figure. The contracts at FCA were realized in the price range from 210,08 to 212,63 €/t, while corn on the parity CPT was traded at a price of 216,03 €/t. This week’s weighted price was 211,44 €/t.
Soybean recorded an absence from trading on the commodity exchange market. Demand at parity FCA Vojvodina at a price of 586,87 €/t, SRPS quality with quality calculation, did not find an adequate response to the supply. The new crop harvest is expected to begin in early September. What worries farmers the most are the yields that will be reduced and far from expected due to drought and phytophagous mites that have appeared as a result of high temperatures. There is no forward supply through Produktna berza. Considering that during this current economic year, we had an extreme year from the aspect of price events, then it is justified why there is no forward trading in this oilseed.
Harvest of sunflower crop 2021 has begun. There is a great interest in buying this oilseed. Forward demand ranged from 420,00 to 425,00 €/t.
Feed barley was traded at a price of 178,61 to 183,71 €/t, which is an increase of 4,57%.
Verica Popov, broker