Disappointing harvest of early soybeans in Ukraine: processors compete for every ton

On the Ukrainian soybean market, there is an increased activity of purchases by processors due to significant yield problems. This was discussed during the analytical briefing of the PUSK agricultural cooperative, created within the framework of the VAR. In some areas, the yield of ultra-early soybeans remains very low, with indicators of only 1.5-1.8 t/ha, which creates serious difficulties for the market. Processors have already begun to actively purchase soybeans. Purchase prices for soybeans in some regions reach UAH 18,000/t, which is confirmed by agreements concluded with large processors. Factories are aware that due to a poor harvest, many producers will hold soybeans, expecting price tags at the level of UAH 20,000/t and higher. PUSK analysts note that factories are trying to collect batches of soybeans at prices in the range of UAH 17,500-18,000/t in order to form an insurance stock for the start of the new season. Processors are forced to intensify purchases, as they ...