Ukrainian corn prices remain at $220–225/t, despite Turkey new duty-free quota

harvesting its own crop in August, which the USDA estimates will reach 7.8 million tons (compared to 7.1 million tons last year). Turkey’s import needs are forecast at 2.8 million tons, significantly lower than last season’s 4.7 million tons. Spring quotas (1 million tons twice) have already caused a sharp increase in prices for Ukrainian corn , increased deliveries to Turkish customs warehouses, sometimes exceeding actual needs. Some cargoes did not have time to leave Ukrainian ports. Corn prices in Ukraine Export purchase prices for corn remain stable: $220–225/t or UAH 10,400–10,700/t , which is due to the formation of export batches against the background of limited remnants of the old harvest. The increase in prices for feed barley and feed wheat (up to $205–210/t ) supports forward prices for corn, which already exceed $205/t . Weather and external market impact Corn supply from Brazil remains high, putting pressure on global prices. And the expected drop in temperature and ...