In the week after us, there was a greater interest of market participants in the new crop of corn and soybean. In terms of price, wheat was on the rise, while the price of corn crop 2021 was on the decline. Total turnover was 4.790 tons with a total financial value of 1.776.720,56 €.
On the corn market, most inquiries were for the new crop of this cereal. Corn with a higher percentage of moisture was mostly offered. The old crop of corn was traded in a price range of 285,50 to 289,76 €/t, but there was noticeably less interest in this commodity, which led to a negative price trend. The weighted price for this week was 287,80 €/t, which is a drop of 1,38%.
A weaker supply was present on the wheat market. Compared to the previous period, when wheat with 11,5-12% protein was the focus of buyers’ interest, this week saw a greater interest in wheat with a higher percentage of protein. Depending on the quality parameters, wheat was traded in the price range from 308,51 to 322,15 €/t. Compared with the previous week, the price recorded an increase of 2,20%. The weighted price was 313,54 €/t.
Soybean old crop was not traded this week. Supply at a higher price level than demand did not result in a contract conclusion. On the other hand, since the beginning of the week, a greater interest in crop 2022 has been noticeable. The new crop of soybean was traded at the same price level as the previous week. The contracts were concluded at a single price of 686,06 €/t, with quality calculation. This price is also the weighted price.
Sunflower crop 2022, at parity CPT buyer, was traded at 571,94 €/t
Urea, Russian, package 25/1 was traded at 767,71 €/t.