Weekly review of the Sofia Stock Exchange

Global commodity markets remained relatively calm over the past week. There were both increases and decreases in the prices of certain commodities. The attack on the Russian port of Novorossiysk negatively impacted grain and oil prices, but the effect is expected to be short-lived. Wheat futures for December delivery were trading at values around $193 – $197 per ton in the U.S. and around $220 per ton in Europe. The market remains oversupplied with quantities, but shifts were observed from China, which resumed orders from the U.S. following the meeting of the two countries' leaders in South Korea. Egypt ordered 500,000 tons of wheat from the Black Sea region, stirring up competition in the area, with prices varying around $200 - $250 per ton. CME corn futures showed volatility with values ranging from $168 to $174 per ton. Concerns about a lower U.S. harvest pushed prices up at the end of the week. On the European Euronext, corn was trading in the range of $218 - $222 per ton. At ...