The first contract for a corn new crop, the rise in oilseeds price and the fall of wheat price, marked the past week on the commodity exchange market. The total turnover for this week at Produktna berza amounted to 2.005 tons of goods, which financial value amounted to 682.604,90€.
The harvest of early maize hybrids began in some locations and crop 2021 appeared in the offer from 204,14 to 214,35 €/t. The first contract was concluded at a price level of 204,14 €/t, for prompt delivery, which is also this week’s weighted price. Unlike the previous year, where trading of the new crop had started in mid-August due to small stocks on the market and lack of supply, the beginning of this year’s harvest is starting at the optimal time. Statistically, when we compare the prices with the same period last year (165,87€/t), the price is higher by 23,08%. Last week, the supply of the old crop was absent through Produktna berza, which is unusual. We can state that the activity of commodity exchange participants for the purchase of this grain has decreased.
The price of the soybean crop 2021 had a bullish trend. The contracts were realized in the price range from 586,91 to 603,92 €/t, with a tendency to increase the price. We see the reason in the weak supply, there is a small amount of operation goods due to the restraint of sellers. Demand was more intense than in the previous period, when the market was much calmer. The weighted price was 595,41 €/t.
The sunflower harvest is coming to an end. Due to the increased demand, the price increased. Trading on FCA parity was at the price level from 491,64 to 493,34 €/t, while this oilseed on parity CPT was paid 495,89 €/t. Given the growth of prices on foreign markets, the price of this oilseed is moving in a positive direction.
Wheat, the second week in a row marked a stable price level. This cereal took absolute quantitative primacy in trading, and trading was in the price range from 217,75 to 220,30 €/t with the clause “free stock” September/October. The structure of customers was dominated by exporters and traders, while there was no demand from domestic processors. The average trading price in the past week was 219,54 €/t, which is 0,76% lower than the previous comparative data.
A soybean meal with 44% protein was traded at a price of 612,43€/t.
Verica Popov, broker