Corn prices in Ukraine are expected to rise in April

The Ukrainian corn market is currently illiquid, despite the recent extension of the grain agreement. However, there are all prerequisites for grain prices to rise in mid-April. In particular, the demand for corn is shaped by China. This was reported by analysts of the PUSK cooperative, created within the framework of the VAR. "As of March 27, Ukraine exported 2.7 million tons of corn, 3 million tons of grain can be exported in April. Market liquidity is minimal, traders are in no hurry to contract due to the ambiguity of the extension of the grain agreement. The market is waiting for clear confirmation that the humanitarian corridor will be open for 120 days," the report said. However, based on market conditions, the price of corn is forecast to increase. "Prices will rise. Significant volumes have already been contracted. The main buyer of Ukrainian corn is China, which creates demand. China is actively contracting and will continue purchasing in the future. There are all ...