In the week behind us, there was a noticeable lower activity of participants on the commodity exchange market. The prices of primary agricultural products continued last week’s trend, and corn and soybean recorded a negative price trend this week, while wheat recorded an increase in prices. A total of 3.450 tons of commodities were traded, while financial value reached 1.296.366,00 €.
Already on the first day of this week, the corn market recorded a downward trend and a larger supply of this cereal. Supply at higher price levels of 282,58 €/t, did not result in the conclusion of the contract. At the beginning of the week, contracts at FCA parity were concluded in the price range from 276,62 to 280,88 €/t. Corn at the parity of the CPT port was traded at a price of 285,98 €/t. The demand for corn with a higher percentage of moisture was also noticeable, and the contracts were realized in the price range from 274,07 to 276,62 €/t. In the middle of the week, due to greater activity on the market, there is a slight increase in the price of this grain, and corn was traded at 280,88 €/t. The weighted price for this week is 279,26 €/t, which is a decrease of 1,56% compared to last week.
Unlike the previous week, when wheat was traded the most, this week brought less activity in this market. Wheat supply at the very beginning of the week was weak and at higher price levels than demand. The news that India has banned the wheat export, due to the reduction of drought-weighted production, has led to a jump in prices in foreign markets. However, in the domestic market, there was lower activity on both the supply and demand sides. However, at the end of the week, there is more interest in buying this cereal, which led to a new rise in prices. The contracts were realized in the price range from 342,16 to 357,48 €/t. The weighted price was 347,27 €/t, which is an increase of 1,54%.
On the other hand, the soybean market recorded higher activity compared to the previous week. Although in the middle of the week there was a calming of the market and reduced demand, but also the supply of this oilseed, at the end of the week there was still more activity of participants. The contracts were concluded at a price of 672,40 €/t, which is also this week’s weighted price. Soybean was traded with and without quality calculation. Compared to the previous week, the price of soybeans decreased by 1,45%.
Rapeseed supply ranged from 820,00 to 835,00 €/t, while demand was at a lower price level from 770,00 to 790,00 €/t.
Anja Jakšić, Produktna berza