The passive market and price fall of all primary agricultural products marked last week at Produktna berza. The total turnover was 1.375 tons. As the end of the year approaches, there has been a decrease in the activity of commodity exchange participants. The financial value amounted to 617.449,26 €.
Due to reduced demand from exporters and domestic processors, corn has maintained a downward trend. Apart from the domestic one, this trend was completely correlated to the international market as well. What characterized the price is the constant change from day to day, which basically followed the world’s trends. Good supply and falling prices were the cause of reduced activity for this grain purchase. On the first day in the week, the corn supply was at a price level of 221,11 €/t. The contract was concluded at 216,01 €/t, which is also this week’s weighted price. Compared to the previous comparative data, a decrease of 2,07% was recorded. What gives the right to the initial statement is the fact that the supply at the very end of the week was much lower (212,61 €/t, with free stock until January/February), but even such did not have an adequate response on the demand side. At this price change, the corn market is still on a downward trend, and this was the main reason for the withdrawal of customers. FOB prices were still unacceptable and are still in the zone of the unprofitability of the export calculation.
The fact that wheat is losing its market position is best shown by the fact that the price has dropped by 3.32% compared to the previous week, and thus the turnover has decreased. A very sharp drop in the prices of this grain was also recorded in Chicago due to the lack of competitiveness of American commodities, as well as sales by funds. Purchase and sale contracts, depending on the quality, are concluded from 259,38 to 266,18 €/t, with a clear tendency for the price to fall. The customer structure consisted mainly of merchants and millers. While on the other hand, the interest of exporters was not emphasized in the purchase. The weighted price was 263,12 €/t.
In the soybean market, last week only confirmed that a negative trend has been present for a long time. Weak demand and lower imports of this oilseed in the previous month influenced the formation of the domestic price. At the beginning of the week, it was traded at the price of 620,81 €/t, with the takeover of commodities during December, and at the end of the week, it was traded at the level of 617,41 €/t. It was traded exclusively without quality calculation. The average price was 619,54 €/t, which is a decrease of 0.34% to the previous comparative data. Despite these circumstances, soybeans still have the best market position on the primary agricultural products scene.
What worries agricultural producers were the prices and supply of nitrogen fertilizers. Russian UREA, granulated, packaging 500/1 was traded at 875,00 €/t.
Verica Popov, broker