#3 (23.-27.01.2023.)

The supply of larger quantities has continued the grain market during this week. A drop in turnover and a negative price trend were noticeable on the commodity market. A total of 2.075 tons were traded. The financial value is also lower than the previous week by 28,2% and reaches 846.333,81 €.

The higher supply of corn compared to demand was noticeable from the beginning of the week. Buyer interest was extremely low during the week and at lower price levels compared to the supply. The price spread between buyers and sellers, as well as lower demand, influenced the reduced trading volume. The contracts were realized at the beginning of the week at 270,93 €/t, and due to the negative price trend, at the end of the week, this cereal was traded at 265,82 €/t. The corn supply at the end of the week was lower, and the demand was at lower price levels than realized. The weighted price is 268,88 €/t, which represents a drop of 3,65% compared to just a week before.

A negative price trend is also present on the wheat market. The supply of larger quantities of this cereal continued during this week, and wheat with a minimum of 12% protein was the most represented in the trading. The reduced interest of buyers led to the absence of greater dynamics in this market. The contracts were concluded in the price range from 281,15 to 293,93 €/t. The supply of wheat with a higher protein content has not met with an adequate demand response. The price recorded a drop of 4,75% compared to the previous week, and the weekly weighted price is 282,94 €/t.

The oilseeds market also recorded a negative trend, but to a lesser extent than the grain market. Soybean, with the quality calculation, was traded at 570,83 €/t, which also represents the weighted price. Buyers’ interest in buying imported soybeans from Croatia was noticeable throughout the week. Contracts for imported soybeans, at the CPT buyer parity, were concluded at the beginning of the week at a price level of 583,61 €/t, and due to the negative trend, the price of this commodity amounted to 573,38 €/t. In relation to the previous week, soybean recorded a downward price trend of 0,70%.

The quantity of sunflower seeds was more represented in trading compared to the previous week. This commodity recorded a price increase of 8,80%. Contracts were concluded at the beginning of the week at 302,45 €/t, and due to increased activity on both the demand side and the supply side, the price reached the level of 306,71 €/t. The weighted price is 303,65 €/t. The supply at the end of the week was at the price level of 315,23 €/t.

The end of the week brought the offer of fertilizers at a lower price level compared to the previous period. AN is offered in the price range from 676,00 to 700,00 €/t. KAN is offered from 626,00 to 660,00 €/t, while NPK, 16:16:16, is offered at 701,00 €/t. Russian UREA, package 500/1, closed at the price level of 650,00 €/t, which is 11,9% lower than the December prices of this fertilizer. Further supply of this fertilizer was at prices up to 670,00 €/t.

Scroll to top