The downward trend in corn prices prevails in the seaports of Ukraine

Despite the continuation of the "grain agreement", the situation on the Ukrainian market last week remained difficult and tense, and prices - under the influence of mixed factors. Anna Tanskaya, Head of the Department of Grain and Oilseeds Markets at APK-Inform Agency, told about this. “Further sabotage of inspections in the Bosporus by Russian experts of the SKZ and the expected entry into the global arena of South American corn limited the trade in Ukrainian grain. In particular, Argentina has already started harvesting, and Brazil has almost caught up in sowing and is preparing for a record harvest, which could exceed the previous record by a quarter. However, some resumption of world quotations against the background of China's purchase of a large consignment of corn from the United States and the emergence of Chinese demand for Ukrainian grain somewhat supported prices in Ukrainian ports. Last week, an ambiguous situation persisted on the local market,” the expert commented ...