First contracts for soybean new crop, wheat price increase and corn fall, marked last week at Produktna berza. Total turnover was 5.350 tons of commodities (+87,72%) and financial value was 1.604.603,36 € (+69,07%).
Soybean harvest has begun. According to information from agricultural producers, yields are as low as expected. The precipitation deficit since the beginning of sowing, as well as high temperatures during the last months, has had a negative impact on the quality of the grain. The first contracts of the new crop with prompt delivery were concluded at a price level of 595,42 €/t, which is also this week’s weighted price. Such a high price level was expected, considering that the last contract of last year’s crop was concluded at a price of 680,48 €/t. Statistically, when we compare the prices with the same period last year (340,24 €/t), this oilseed price is higher by 75%.
Unlike the previous week, where the demand for corn was more notable, this week the market calmed down. The increased supply has led to this cereal noticing a downward trend. At the beginning of the week, contracts were concluded at the level of 218,60 €/t, and on the last day, the price of 212,65 €/t was registered. The weighted price was 217,50 €/t, which is a decrease of 1,08%.
Wheat has taken primacy in trading on the commodity market. At the beginning of the week, the contracts were realized in the price range from 221,16 €/t to 231,36 €/t (protein min 14%, gluten 30, specific mass 80 kg). Such a large price range was mostly influenced by the quality parameters of this cereal. Although at the end of the week there was a drop in the price to the level of 216,90 €/t, statistically compared to the previous data, an increase of 4,42% was recorded.
Sunflower has maintained a stable price level. Contracts at CPT parity were concluded in the price range from 480,00 to 485,00 €/t.
Verica Popov, broker