Delayed deliveries support corn prices in Ukrainian ports

Export demand prices for corn in Ukraine decreased by $3-4/t to $202-205/t or UAH 9,550-9,700/t for delivery to Black Sea ports during the week. A slight increase in the dollar exchange rate against the hryvnia supports hryvnia prices, especially given the delay in harvesting and forecasts of a decrease in production in Ukraine, so no further price decline is expected. During December 1-17, Ukraine exported 1.045 million tons of corn (compared to 0.76 million tons for the same period last year). But in total, since the beginning of the 2025/26 season, only 4.75 million tons of corn have been exported, which is 68% lower than last year’s pace. Demand for expensive Ukrainian corn on the world market remains low, as the USA and Brazil are actively exporting large volumes of cheap corn. March corn futures in Chicago rose 0.9% to $173.4/t yesterday, partially recovering last week’s prolonged 2.2% drop, but still trading 1.9% lower than a month ago. The quote was supported by the ...