After the weak activity of the participants in the first working days, from the middle of the week there will be greater dynamics on the commodity market. A further drop in grain prices and the absence of soybeans in trading marked this week. In total, 2.423 tons of goods were traded, the financial value of which is 751.385,13 €, which is an increase of 117,52% compared to the previous week.
Weak activity of exporters, but also of domestic processors, affected the decrease in the volume of turnover and the further drop in prices in corn trading. At the beginning of the week, a price of 255,69 €/t was recorded, and at the end of the week, the traded price was 234,39 €/t. The weighted price is 241,80 €/t, which is a decrease of 6,75% compared to the previous week.
Wheat was the most dominant crop in terms of volume, with 1.400 tons of goods traded. The price was recorded in the range from 238,65 to 264,22 €/t, and buyers still show the most interest in wheat with 11-12% protein.
Although weak, the supply of soybeans at the price level of 566,79 to 571,05 €/t, with the calculation of quality, did not meet the response of buyers. Extremely weak demand and at a lower price level of 554,00 €/t, led to the absence of soybeans from trading this week.
Since the beginning of the week, there has been a supply of smaller quantities of meals for prompt delivery, which caused a constant increase in the price. Sunflower meal with 33% protein was sold in the range of 315,36 to 328,14 €/t. Compared to the previous week, the price recorded an increase of 2,44%.
Although the time has come for feeding wheat, the fall in nitrogen fertilizer prices has affected buyers’ restraint in purchasing. Exchange contracts were concluded for artificial fertilizer AN, Russian 25/1, at 610,00 €/t, while UREA, Turkmenistan 500/1 was traded at 570,00 €/t.
Of the other goods, we note the trade in feed flour in bulk at 221,60 €/t.