2022 #38 (26.09.-30.09.)

On the commodity exchange market, lower activity has continued. The cereal market noticed a positive price trend, while soybean was absent in trading this week. Total turnover was 2.659 tons, which a financial value was 1.035.030,32 €.

A higher supply was recorded on the corn market, especially for naturally dry corn crop 2022. However, there was not much interest on the demand side. In terms of buyers, exporters were quiet in anticipation of further geopolitical movements in the world and the questionable quality of this commodity in Serbia. Corn 2021 was traded at 292,37 €/t, which is also the weekly weighted price. Contracts for corn with extended storage during November and analysis for toxins were concluded from 291,52 to 294,07 €/t. In comparison with the previous data, the price is higher by 1,18%.

Unlike the previous week, when wheat was traded the most, the market was calm during the previous week. Quantitatively, wheat took a very small share in trading, and the contracts were realized at a much higher price level. Buyers expressed the most interest in buying wheat with increased protein. Depending on the quality parameters, contracts were realized from 320,50 €/t (12% protein) to 349,48 €/t (15% protein). The weighted price was 330,90 €/t, which is an increase of 4,69%.

On the soybean market, contracts were not realized. Weak supply and even less demand, as well as the price spread between buyers and sellers, led to the absence of this oilseed in trading. Supply at 681,91 €/t did not meet an adequate demand response.

Sunflower traded at a lower price level compared to seven days earlier. Contracts were concluded in the price range from 562,57 to 564,28 €/t. The weighted price for this week was 562,91 €/t, which is a decrease of 0,84%.

This week, a greater interest in fertilizers was recorded. Fertilizer NPK 15:15:15 was traded at 795,00 €/t. UREA was traded from 830,00 to 840,00 €/t at FCA parity, while at CPT parity was traded from 840,00 to 845,00 €/t.

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