2022 #31 (08.08.-12.08.)

The corn price drop, wheat price stable level and soybean price rise marked the last week. Total turnover was 6.947 tons (+46,5%), while financial value was 2.434.290,65 € (+45,3%).

On the international market, a great caution was noted about drought consequences in Europe and USDA on winter crops. Traders are waiting for the USDA report to see the newest forecast. It is expected that drought had a negative impact on corn and soybean.

At the corn market, in the middle of the week, noticed bigger activity, while at the end of the week the market was calmer and the price dropped. This week’s buyers were processors and traders, while exporters were on lower price levels and seeking a longer lager. Contracts were concluded from 285,52 to 290,63 €/t. The weighted price was 289,44 €/t, which is 2,4% lower than in the previous week.

Wheat price had no bigger change. At the beginning of the week, supply was increased, but as how the week was passing, supply was lower. Augmented demand was for wheat with 12% protein, while wheat with a higher quality did not find a buyer. Contracts were realized from 306,82 to 308,53 €/t. The weighted price was 306,99 €/t, which is 0,2% lower than the previous week.

For the second week in a row, soybean had a positive price trend. In comparison with previous data, soybean prices increased by 2%. Augmented demand has led to this price trend, and lower supply on the other hand. Contracts were concluded from 686,09 to 690,35 €/t, with quality calculation and a clear upward tendency. The weighted price was 687,54 €/t.

Sunflower meal 33% protein was traded at 268,47 €/t.

Depending on quality parameters, feed barley was traded from 283,81 to 285,52 €/t. Compared to the previous week, there was a drop in price.

The beginning of the harvest of the new crop of sunflowers is characterized by a lot of uncertainty regarding the amount of the yield and its purchase price. The current market price ranges from 480,00 to 500,00 €/t.

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