A price increase of primary agricultural products was marked on the domestic market, but the most noticeable was in wheat of as much as 6,68%. Total turnover was 5.218 tons of goods (+137,18%), while financial value was 1.583.482,29 € (+90,12%).
During the last week, wheat reached its price maximum in the current economic year. The price of 242,45 €/t, at parity FCA, which was registered at the end of the week, is the highest realized price since the beginning of the harvest. Such a high price level was recorded in August 2012 last time. Low supply noticed in the past three weeks, has brought to more intense demand for this cereal and a bullish trend of 6,68%. Wheat had the sessions with strong prices in Chicago, because of the rise of the Black Sea and European prices, due to strong international demand, which had an impact on the domestic market. Prices on Euronext for the contract with December arrival, set a new record.
Weather conditions delayed the corn harvest. Unlike the previous period, where there was a reduced activity of commodity exchange participants for buying, this week there is a noticeable demand. The contracts were concluded in the price range from 212,68 to 222,88 €/t. The weighted price was 219,91 €/t, which is an increase of 2,19% compared to the previous data. Corn prices on the foreign market remain largely supported by short-term shortages of goods in Western Europe and the Black Sea basin.
The bullish trend of soybean grain prices continued this week as well. Purchase contracts were concluded in the price range from 646,54 to 655,04 €/t. Soybean was traded exclusively with quality calculation. The average trading price was 651,90 €/t, which is an increase of 0,94%. The new rise in oil prices in Europe, spurred by the rise in palm oil prices and the energy market, is strengthening the growth of the oil market.
Sunflower was traded at price from 506,17 €/t to 507,87 €/t. The weak supply of this oilseed is noticeable, which led to a price increase of 0,22% compared to the previous week.
Verica Popov, broker