Wheat price maximum and soybean price increase marked last week at Produktna berza. Total turnover was 8.875 tons, while financial value amounted to 2.674.558,98 €.
Augmented wheat demand led to the increase and record prices on the commodity exchange market. This week’s session for wheat on Euronext was marked by significant amplitudes and new highs. Movements on the international market, the world’s trend and price impact, as well as factors on the domestic market, led to that this cereal was the most sought-after commodity on Produktna berza, with a total turnover of 8.200 tons. Contracts for prompt delivery at FCA parity were realized at a price range from 266,20 to 272,15 €/t. The contract at CPT parity, for wheat with higher quality (12% protein, gluten 26, specific mass 82kg) was realized at a price of 282,36 €/t, with delivery until 15th January 2022. The weighted price was 271,56 €/t. Compared with the last data; the price rose by 2,89%.
The beginning of the week brought decreased corn demand, while the supply was higher. At the end of the week, interest was bigger, so this cereal was realized at CPT parity, with delivery until the end of December at 211,77 €/t.
The downward soybean trend observed in the past month has not continued this week. The market was more active compared to the previous period when this oilseed was a low-demand commodity. At FCA parity, contracts were concluded at 617,45 to 625,10 €/t. The average trading price was 620,00 €/t. Compared to the previous week, the price was higher by 1,12%.
In oilseeds, on the European market, despite the weakening of crude oil since the beginning of the week, oil prices have risen. In Chicago, soybean prices are now at levels similar to the maximum from the end of September, completely neutralizing the decrease that was recently recorded.
Feed barley was traded at the price of 242,39 €/t.
Verica Popov, broker