Corn prices in Ukraine remain high, although they have dropped sharply in Chicago, and are also gradually decreasing in tenders in South Korea.

Favorable weather for soybean and corn planting in South America is boosting sales of old-crop corn, intensifying competition with U.S. corn in international markets and leading to a decline in quotations in Chicago. In Ukraine, export prices for corn with delivery in January are also decreasing, but a supply deficit is maintaining high prices for spot deliveries to the port in December. As of November 20, in Ukraine, 20.836 million tons of corn have been harvested from 3.118 million hectares or 71% of the area, with a yield of 6.68 tons/ha, while at this time last year, 23.623 million tons were harvested from 94% of the area with a yield of 6.4 tons/ha. This confirms the forecast of a harvest at the level of 31-32 million tons. In Ukraine, export prices for corn demand increased by another 50 UAH/ton to 9950-10050 UAH/ton over the week, primarily due to the strengthening of the dollar exchange rate on the interbank market, but prices in currency remained at the level of 209-210 ...