Reduced activity on the market led to lower total turnover compared to last week. A total of 3.500 tons were traded, with a financial value of 1.351.728,39 €. Cereal prices recorded growth, while a negative price trend was observed on the oilseeds market.
At the beginning of the week, a larger supply of old-crop corn was noticeable. However, as the week progressed, the supply decreased. Corn 2021 was traded in the price range from 288,13 to 289,83 €/t. The weighted price for this week is 288,98 €/t, which is an increase of 0.40% compared to the week before. On the other hand, when it comes to the new crop, the absence of larger quantities is noticeable. The contract for the new crop of corn was concluded at 285,57 €/t, for moisture up to 14.5%, while the contracts for corn with increased moisture were concluded from 276,19 to 277,05 €/t. At the end of the week, corn with impurities up to 2% was traded at 289,83 €/t.
In terms of quantity, wheat was the most present in trading. At the end of the week, there was a greater interest of buyers in purchasing wheat. Depending on the protein content, this cereal was traded in a wide price range from 314,55 to 332,46 €/t. The weighted price for this week is 316,09 €/t. Compared to the previous week, the price recorded an increase of 0.78%.
In the soybean market, buyers’ interest in the old crop was extremely low. Supply was at higher price levels compared to demand. The contracts were concluded at a single price of 690,49 €/t. The demand for the new soybean crop throughout the week was at a lower price level compared to the supply. At the end of the week, an increased demand was recorded, so soybean 2022 was traded at 677,70 €/t. Compared to the previous week, the price recorded a decrease of 1.24%.
Rapeseed was traded at 562,62 €/t.
Russian urea, 25/1, CPT buyer, was traded at 849,98 €/t.
In terms of meals, soybeans and sunflowers were traded. Soybean meal, 44% protein, was traded at 681,96 €/t. Sunflower meal, 33% protein, was traded at 277,05 €/t.