A quiet week on the commodities market led to reduced trading volume. In terms of quantity, wheat was traded the most, which recorded a slight increase in price. Soybean, on the other hand, has a downward price trend. Total turnover was 1.770 tons (-42,8%), while the financial value reached 830.628,66 €.
For the second week in a row, the corn market is calmer compared to the period when this cereal had primacy in commodity trading. The increased supply was noticed from the beginning of the week, while the interest of buyers was significantly lower. An additional calming of the market occurs at the end of the week, due to a weaker supply. Corn was traded from 287,17 to 292,28 €/t. Compared to the previous period; the price had a minimal growth of only 0.02%. The weighted price was 289,98 €/t.
The wheat price marked a positive price trend. The first day in the week brought more significant demand than supply, but the day after the quotation has missed. During the week, there was a low dynamic on the market. Wheat with 11,5-12% protein was the most sought-after commodity. Contracts for this cereal were realized from 305,06 to 308,47 €/t. The weighted price was 306,68 €/t. Compared to the previous week; this is an increase of 0,35%.
On the soybean market continued higher supply than demand. At the beginning of the week, soybean was traded at 703,01 €/t, but different price levels between buyers and sellers have led to lower activity on the market. At the end of the week, contracts were concluded at 690,23 €/t, which highlights a negative price trend. The weighted price was 695,77 €/t, which represents a price fall of -0,94%.
Feed barley was traded at 285,46 €/t.
There was a great interest in buying fertilizers and a bigger supply. Contract for NPK 16:16:16, at FCA parity was realized at 795,00 €/t. At parity CPT, this fertilizer was traded from 800,00 to 805,00 €/t.