Last week at Produktna berza was marked by a price increase of soybean and wheat. Total turnover was 2.844 tons of commodities, while financial value was 1.076.361,52 €.
At the very beginning of the week, wheat had a bullish trend. The contracts were concluded in the price range from 276,41 to 280,66 €/t. The weighted price was 279,73 €/t, which is an increase of 3,03% compared with last week. At the end of the week, the market was calming and demand was absent. Apart from the domestic market, in the first half of the week, new price highs were also recorded at Euronext. In addition to many factors, in order to justify this growth, there were fears about the quality of Australian wheat, which was affected by rains at harvest time. Also, floods in Canada have caused logistical difficulties, especially in ports. Wheat prices in the Black Sea basin have advanced following other international markets.
In the corn market without significant price changes. Participants on the commodity exchange market were more active in purchasing this cereal with the clause “free stock” in December. Despite this circumstance, the price did not change significantly compared to the previous week. Contracts were concluded at a price of 229,63 €/t, with takeover until 31st December. Corn with an increased percentage of moisture was traded from 208,37 to 214,33 €/t.
The absence of a more intensive supply of soybean was noticeable on the domestic market, which influenced this oilseed to record a growth of 1,16%. For the second week in a row, the market continued to be active. On the demand side, more activity was shown by domestic processors and traders. Contracts were realized in a price range from 620,86 to 633,62 €/t. The weighted price was 627,24 €/t.
Verica Popov, broker