This week, on the cereal market, was noticed a decreased activity of commodity-exchange participants. On the other side, on the oilseed market, soybean marked a new price maximum. Total turnover was 3.100 tons, while financial value was 1.108.774,00 €.
Soybean marked a bullish trend due to low supply and strong demand. Contracts were concluded from 679,40 to 687,89 €/t. The traded commodity was only with quality calculation and for prompt delivery. The weighted price was 680,25 €/t. Compared with the previous week; this oilseed rose in price by 1,16%. The same price level was recorded in the first half of October last year, when the highest price of this year’s crop was reached (679,40 €/t). Among the domestic market, an upward trend was noticed on a foreign market.
During the last week, the wheat market recorded passivity. The complete absence of export demand for this cereal has led to a price fall. This was evidenced by the fact that only one sales contract was concluded at a price of 292,99 €/t. If we compare the last realization with the previous week, there is a noticeable drop in the price of about 2,80%. At the end of the week, the supply was from 292,99 to 301,48 €/t, depending on quality parameters and the clause “free stock”. Further developments on the domestic market, i.e., price movements, will exclusively depend on the decisions regarding the export ban on this primary agricultural product.
At the beginning of the week, corn recorded a price rise, but at the end of the week, there were a price calm and no demand. Contracts were concluded from 263,27 to 271,76 €/t. The weighted price was 269,81 €/t, which is a price increase of 2,50% compared to previous data. In the buyer’s structure were domestic processors and traders. At the end of the week, the supply was from 268,36 to 271,76 €/t. Demand absence for this cereal did not result in a contract conclusion.
Feed barley was concluded at a price of 305,73 €/t. The corn export ban impacted the augmented demand for barley from the region, which also was manifested in our market.
Russian urea, package 25/1, was traded in the price range from 917,00 to 922,00 €/t.
Verica Popov, broker