Ukraine is losing its main corn market

tons of corn, of which: The corn harvest continues with a delay. As of October 16, 4.9 million tons have been threshed against 13.1 million tons last year on the same date. “Usually, the first 10 million tons of harvested corn began to put pressure on prices, which had the potential to reduce prices by 5-10%. This year, 5 million tons of corn harvested in mid-October are already putting pressure on prices amid weak export sales and shipments,” the report says. At the end of last week, corn was trading towards seaports in the range of $203-204/t for delivery in October-November. The spot price index for corn for delivery within 30 days remained unchanged compared to Friday, October 10 — $204/t. According to brokers, the market on the western border of Ukraine remains a fast and effective alternative to meet demand on the Italian market. While ship batches are being formed in the ports, Ukrainian corn is already being shipped by train to Italy, where the journey takes up to 5 days ...