Ukraine's neighbors are not ready for a sharp increase in trafficking in Ukrainian agricultural goods on their territory

Published 2022년 4월 20일

Tridge summary

The international market prices for cereals and oilseeds are being influenced by the ongoing conflict in Ukraine and poor agro-meteorological conditions in the United States. The Great Plains are experiencing severe moisture deficits, impacting the new wheat crop, while in France, corn planting is falling behind schedule. Despite record-high stocks and exports in the EU and US, prices in Russia and Ukraine are declining due to blocked exports and large grain stocks. Ukraine, with 13 million tons of grain for export, is seeking alternative export methods as rail transport is congested and neighbors are not prepared for a significant increase in Ukrainian goods. The lack of sales is causing Ukrainian grain prices to drop.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The conflict in Ukraine and the poor agro-meteorological conditions in the United States are currently dictating the development of the prices of basic cereals and oilseeds on international markets. Market participants are deeply concerned about reports of severe moisture deficits in the vast expanses of the Great Plains and the deteriorating performance of the new wheat crop in the United States. At the end of last week, only about 30 percent of winter wheat crops in the United States were in good and excellent condition, up from more than 50 percent in the same period in 2021. The sowing of corn in France is lagging behind last year's pace While stock and export quotations in the EU and the US remain at record highs ($ 450 / t FOB for soft wheat exports from the US and around EUR415 / t FOB for French wheat), bread and feed prices in Russia and Ukraine are falling . Analysts attribute this fact to the deteriorating state of supply in the market due to the blocked Ukrainian ...

Source: Sinor