First contracts for barley crop 2022, corn price increase, wheat price fall, and soybean stable price level were the main events in the previous week on the commodity exchange market. The activity was augmented on the corn market, which had an absolute primacy in trading. The turnover reached 2.150 tons, while the financial value was 667.687,40 €.
On the corn market was noticed a bullish price trend. The biggest supply was for the corn with free stock during July. This cereal was traded from 249,51 to 266,54 €/t, depending on delivery and free stock. At the end of the week, corn demand was at a higher level than concluded. The weighted price was 263,99 €/t, which is an increase of 3,29%. Due to dry and hot weather in the Corn belt, corn prices in Chicago also rise.
An extremely quiet week at the wheat market. This cereal continues its downward price trend this week as well. This price movement was recorded due to reduced activity in the market, both on the demand side and on the supply side. At the beginning of the week, the supply was slightly higher, so as the week progressed, it became smaller. Due to the noticeably low demand, only 50 tons of this grain were traded this week at a price of 332,11 €/t. Compared to the previous week, the price is lower by 0,38%. At the end of the week, activity in this market was completely absent.
Compared to the previous week, the price of soybeans did not change much. At the beginning of the week, this oilseed was traded at 617,39 €/t, with a calculation of quality. For the rest of the week, supply at a higher price level did not meet the demand. Only at the end of the week, the contract was concluded at a slightly higher level compared to the beginning of the week, at 619,09 €/t, with quality calculation. Throughout the week, the interest of customers was extremely low. The weighted price for this week was 618,49 €/t, which is an increase of 0,18%.
The barley harvest has led to greater dynamics in this market. Demand for the new crop increased throughout the week and ranged at different price levels, depending on quality parameters. Contracts were concluded in the price range from 272,50 to 274,63 €/t, for barley with lower quality parameters, while barley with a specific mass of 62kg, was traded at 289,53 €/t. Although the harvest is in progress, the supply of this cereal is small.
Sunflower meal was traded at 306,56 €/t.
Anja Jakšić, Produktna berza