Main points
- Purchase prices for feed corn in Ukrainian ports are decreasing due to global market trends and reduced purchasing activity.
- Corn demand prices in the ports of Greater Odessa and Danube are 210–218 USD per ton, which is 1–2 USD less than last week.
Corn has started to become cheaper / Photo Unsplash
Ukrainian ports are recording a decrease in purchase prices for feed corn. The market is reacting to global trends and a decrease in purchasing activity.
Global factors put pressure on prices
APK-Inform data show that since the beginning of the week, Ukrainian ports have been observing a gradual decrease in prices for feed corn. The trend corresponds to the general situation on world markets.
The key factor was the fall in global quotes, which, in turn, is associated with fluctuations in energy markets. An additional factor was the fact that traders have already closed some of the previously concluded contracts, so there is no urgent need for new purchases at the moment.
Supply is limited, but farmers are in no hurry to sell
Despite the decline in prices, a more drastic drop is prevented by a restrained supply of grain. Farmers are in no hurry to sell corn, postponing sales until after the holidays.
As of April 8, the demand prices for feed corn in the ports of Velika Odessa and Danube are 210-218 USD per ton and 208-215 USD per ton on CPT-port terms, respectively. This is 1-2 USD per ton less than at the end of last week.
Please note! At the same time, offer prices remain somewhat higher – within 219-221 USD per ton, which indicates a cautious position of sellers and expectations of better conditions.
Grain market at crossroads: producers have large surpluses and uncertain prices
-
The Ukrainian grain market faces the risk of significant carryover grain residues, while farmers are changing their approaches to cultivation.
-
Wheat prices have stabilized, and corn exports are stable at 2.6-2.7 million tons per month.