Seasonal pattern has broken: Ukraine’s wheat prices aren’t rising as they should

the season is traditionally characterized by a minimum of news, because all the key parameters of the harvest have long been known, and information about the state of the new harvest appears only after February. That is, there are few informational reasons for prices to change,” analysts note. The new driver of prices could have been sowing, but its influence was offset by favorable weather conditions. “The condition of the winter crop is assessed as good, there is enough moisture, and forecasts promise additional precipitation. The plants will enter the winter in normal condition. No problems have been recorded yet. That is why the risk factor of sowing, which could raise prices, no longer affects the market,” the PUSK explains. However, the price situation on the market currently looks unusually calm. “Traditionally, in November-December, the price of wheat moves up, as importers return to the market after summer purchases. But this season the market has been stagnant for two ...