After the holidays, the augmented activity of commodity exchange participants was noticed. Also, there was a price increase of all primary agricultural products. Total turnover amounted to 4.284 tons, while financial value was 1.278.430,41 €.
Unlike the previous period, where was noticed the lack of demand by domestic exporters and processors, this week brought more interest for this cereal. There was no bigger supply, which led to the price increase. Contracts, at parity FCA, were realized from 216,87 to 220,27 €/t. At parity CPT, the price was 226,22 €/t. Corn with higher moisture was traded from 212,61 to 214,32 €/t. The weighted price was 217,63 €/t, which was an increase of 2,52%.
At the beginning of the week, wheat had a bullish trend. As in corn, the supply lack was noticed. Contracts were concluded from 267,04 to 267,89 €/t. Feed wheat was traded at 259,39 €/t. In the middle of the week, after the USDA report, a negative trend was marked on the European market. The highest influence on price had the increase of area in the USA. At the end of the week, this cereal’s realization was at 263,64 €/t. The weighted price was 264,41 €/t, which is a slight rise of 0,31%.
In the soybean market, intensive demand led to a price increase. As in the previous period, the sellers were reserved. Contracts were realized at a price range from 616,58 to 618,28 €/t. Traded soybean was only with quality calculation. The buyer structure included domestic processors and traders. At the end of the week, demand at higher prices did not result in a contract conclusion. Lower import of this oilseed, which was continued during December, had no impact on price decrease. The weighted price was 617,43 €/t which is an increase of 1,54%.
Russian UREA, package 25/1 was traded at a price of 910,00 €/t, while AN was traded at 715,00 €/t.
Verica Popov, broker