Russia may squeeze Ukraine in the corn market in Turkey

The role of Turkey, as one of the main buyers of Ukrainian corn in the 2025/26 MY, has come into question. This was discussed at a Trend&Hedge Club meeting, reports ASAP Agri. Market participants suggest that amid the expansion of corn production, Russia may increase its share in the Turkish market, reducing Ukraine's presence. So far, demand from Turkey remains. For shipments in November–December, offer prices are 230–232 $/t CIF Marmara, while in early August they did not exceed 225 $/t. The price increase is explained by the rise in corn prices on Turkey's domestic market. However, traders are cautious, as they expect prices to drop after the late but large harvest from Ukraine enters the market. Ukrainian suppliers are keeping prices at 234–236 $/t CIF Marmara, but trade remains sluggish due to the lack of new import quotas with reduced or zero tariffs. The situation is further complicated by the forecast of falling import demand. According to the USDA, in the 2025/26 MY, ...