The stable price level of corn, the fall in the price of soybeans and the absence of wheat trading marked the last week on the commodity exchange market. The total turnover was 4.800 tons of commodities (-29,31%), while a financial value amounted to 1.471.662,18 €.
Although the largest volume primacy of total turnover on Produktna berza refers to corn, we can state that the market has not yet opened in accordance with the needs of demand. Last week’s harvest was in full swing. However, last Friday’s precipitation affected again the delay. Depending on the quality, contracts for prompt delivery were concluded in the price range from 225,37 to 233,87 €/t. Corn was traded with high moisture and an increased percentage of defective kernels. As in previous weeks, the buyers were domestic processors and traders. The weighted price, for SRPS quality, was 233,87 €/t.
The wheat sowing is in progress. The optimal deadline in our agroecological conditions is in the period from 5th to 25th October. Due to the bad weather conditions at the beginning of October, the agricultural producers could not start sowing in time, which enables normal pre-winter development. Unlike the previous period, where wheat was the dominant and sought-after commodity, during the past week, no contract was realized. The causes above all, are reduced activity of exporters and traders, as well as a large price gap between supply and demand. Depending on the quality parameters, the bids were in the price range from 255,13 to 263,64 €/t, with a clear tendency for the price to fall. At the end of the week, wheat prices also fell on Euronext due to taking profits before the weekend, after the market recorded new highs.
The negative price trend of 1,54% was registered on the soybean market. This is the reason for the buyer’s retreat. After the continued price rise since the beginning of the harvest, the market calmed. At the beginning of the week, contracts at FCA parity were concluded at a price of 680,36 €/t, and at CPT parity 682,06 €/t. At the end of the week, we noticed this oilseed’s augmented supply, while contracts were concluded at 663,35 €/t. The trading was with quality calculation. The weighted price was 668,20 €/t.
At FCA parity, feed barley was traded from 229,62 to 233,02 €/t, while at CPT parity was traded at 236,42 €/t. At the end of the week, demand at a higher price level did not result in a contract conclusion. The weighted price was 231,49 €/t.
The supply of mineral fertilizers remains the main concern of farmers, with the continuous growth of price monitored daily. Contracts for NPK 16:16:16, 25/1, were concluded at a price of 606,80 €/t.
Verica Popov, broker