2022 #4 (31.01.-04.02.)

During the first week in February, prices of corn and soybean rise, while wheat had a negative price trend. Total turnover for this week 9.049 tons of commodities, of which financial value was 2.608.848,74 €.

At the beginning of the week, corn had an upward trend, due demand of exporters and domestic processors. Besides the domestic market, this price trend was marked on the European and American markets, due to unfavorable weather conditions in Argentina and Brazil. Contracts on parity FCA were concluded from 229,63 to 233,88 €/t, while on parity CPT, corn was traded at 236,43 €/t. The greatest interest was in the purchase of this grain with delivery in February/March. In the middle of the week, the negative price trend on the international market was completely correlated with the movements in our country as well. The impression was gained that the supply was increased in relation to the demand. At the very end of the week, corn with the clause “free stock March” was concluded at 229,63 €/t, which indicates a drop in price. The weighted price was 231,16 €/t.

On the soybean market, in contrast to the end of the previous week, when was less interest in soybean, during the past week, there has been more intense demand for the purchase of this oilseed. Purchase contracts with the takeover of goods during February were concluded in the price range from 633,61 to 637,86 €/t, with a clear upward trend. On the demand side, domestic processors and traders showed more interest. The weighted price was 635,48 €/t. Compared to the previous comparative data; soybeans increased in price by 0,35%. Soybean prices continued to rise in the US market, reaching a seven-month high in Chicago, due to continued international demand, but also due to lower production in Brazil compared to last month’s USDA report.

Unlike the corn and soybean markets, the wheat market was much calmer. Better-quality wheat for prompt delivery, with a minimum of 12% protein, was sold at 267,05 €/t, which is also this week’s weighted price. Unlike the previous week, the price was lower by 0,32%. At the end of the week, supplies, depending on the parameters of quality and delivery, ranged from 259,40 to 272,15 €/t. However, at the end of the week, contracts were not realized, due to the lack of demand for this grain. A negative trend was also noticed in Chicago because the weather forecast suggested rain in the areas of winter wheat.

 

Verica Popov, broker

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